Easton, CT Real Estate Market Forecast and Advice 2/2011

I am pleased to present to you my real estate market predictions and buying and selling advice for Easton, CT. My experience spans over 26 years, and I have seen hot markets come and go, and bad markets come and go. I always find it funny how the media predicts that the real estate market is going up or down in the state, but you know as well as I do, that  each town has its own type of market, and within the town, there are areas that sell faster than others, and homes on particular streets that sell  slower than others. You really cannot generalize the market in a rational way. Deciphering the real estate market, is, and has to be, local and historical.

With that being said, I offer my opinions on the market for the coming months. Everyone's particular situation is different, and  if you need to buy or sell in Easton at a particular time, then you should do it. You should also call me to assist you! (OK, Shameless plug) You know people have been asking me for years, "what do you think is going to happen in the real estate market?" and I say, "Well, if I knew that, I probably wouldn't be selling real estate, because I would have some type of amazing talent that NO ONE has ever possessed" That being said, I AM very good at numbers, statistics, and forecasting, so after doing extensive research, calculations, and taking into account the current economic climate, I present to you the following: 
 
What's Ahead in General: Current sales averages about 5 per month, but I expect that to rise to 7 or 8 sales per month through the summer, and peak in August. 

ADVICE FOR SELLERS: Is there a better time to sell your home in Easton? Yes, actually, in my opinion. If you want to sell your home, first of all, price it correctly right from the get go. No fooling around, don't put a "little play" in the price for negotiation. Now is not the time for that! While Easton's market has improved from 2009 to 2010, and is showing signs of improvement for this year, don't push it. If your home's price range is anywhere from 600-800,000, optimum time to get started is Mid-March to the beginning of April. That doesn't mean that if you have a pressing need or desire to sell your home that you should wait.

ADVICE FOR BUYERS: Now, now, now, NOW! If you are looking to buy in Easton CT,I would get going on it right away! I believe prices will remain level or only rise slightly throughout the summer, but many sellers "fish for pricing" this time of year. That is, they put their home on the market to see if anyone will buy their home for a particular price, and don't really care if their home sells or not if they don't get that price. You'll save a lot of time and energy by trying to find something NOW as opposed to starting the process in a few months.