One of the common questions people ask when they are going to buy or sell a home is whether it’s a buyer’s or seller’s market. Currently, the conditions found in Bedford County Real Estate market make it a buyer’s market.
What Does a Buyer’s Market Mean?
For those who may not know, this means that the number of homes available in the area is higher than the demand for homes. More people are looking to sell than are looking to buy, so those who are in the market for a property will have more choices. A seller’s market, on the other hand, means that there is more demand in the market than there are homes for sale. This would drive the prices up. Since we’re in a buyer’s market, though, you will find that the prices on the homes are quite good.
Homes in the area are selling for right around the asking price, though, so even though it is a buyer’s market, sellers don’t have to drop their asking prices too much. This is likely because Bedford County is a nice area, and people are still willing to pay fairly for a good property.
Homes in the area tend to stay on the market for about 47 days. Of course, this is the median. You will find that some properties, especially those that are newer and have a lot of nice amenities, are going to sell faster. The same would be true with homes that are priced low as a means to get more buyer interest.
You will also appreciate the fact that there are so many different types of properties in the county. You can find some beautiful single-family properties, as well as condos that could be a good fit. It’s a great location, and well worth considering if you are seeking a new home, especially since we’re in a buyer’s market.
Now Could Be a Great Time to Buy
You can find some fantastic communities in Bedford County that could make a great new home for you and your family. If you are interested in a property, talk with the professionals from The Realty Group to learn more. Even though it might be a buyer’s market, some of the top properties are still going fast. You don’t want to miss out on a potential opportunity for a new place, so act quickly. Give us a call to help you find your perfect home – 434.546.3202.