The larger than average inventory of homes for sale begs the question: Is it a good time to buy or sell? It probably is a good time to sell if you are going to need to sell in the next six months and intend to purchase again soon, as prices aren't expect to rise in the near term and the selection is great.
Is it a good time to buy ? If you can get a great house in a great location that may not be available six months from now: yes.
It's better to buy a good house in a good location at a fair price than buy a not so good house in a not so good location because it looks like a great price. For one, a big portion of the cost of improvements can be lost in the wrong location.
Call me for more details on what type of property might make a good investment and home in this current market.
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