Are We Transitioning to a Seller Market?

February really started to get active in the Madison area housing markets. It’s a little premature to say, but there are 6 things that lead me to believe the market is shifting.

  • Real estate agents, home inspectors, and mortgage lenders all seem to be swamped.
  • 4 out of the last 5 deals we’ve worked on have been multiple offer situations.
  • Our 2 most recent listings had accepted offers within a week of going on the market.
  • Sellers are becoming a little more firm with negotiations because of the amount of showing activity they’ve been getting.
  • It’s getting hard to find good inventory in some areas.
  • Many properties our buyers request showings on have accepted offers already.

What do you think? Is it becoming a seller’s market? Or is this just spring activity coming early or fear that interest rates will rise?

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