2012 - The Year the Real Estate Market Began Its Recovery

December 31, 2012

Sometime in the third quarter of 2012, the real estate market in our Inland Southern California area became a changing market place. No longer could buyers offer below list price. No longer could buyers assume that a property that they liked would still be available next week or even tomorrow. No longer could buyers find a property that met their needs and desires and put in an offer and THEN speak to a lender. No. Sellers wanted to see a pre approval letter complete with FICO scores before they would consider an offer.
Agents had to now be on their toes and checking for new listings everyday if not several times a day. And this frenzy has not stopped. Here it is New Years Eve Day and we are out showing property and writing offers. Our buyers aren't taking a day off.
Normally, I have always felt that the day after New Years was really busy. Prospective buyers calling and walking into a real estate office ready to begin their search for a new home. Let's hope that sellers will also be ready to list and move.
Will take New Years Day to get ready for a truly exciting 2013 in the real estate market.