When it comes to real estate trends for 2018, there is both good news and bad news. The good news is that home sales thus far have been hot in the first quarter of 2018, and sellers are unloading their properties at a profit.
As for the bad news, demand far exceeds supply, and buyers need to be more aggressive and motivated to grab a home this year.
Despite 2018 starting with a low inventory, the real estate market has not performed the same way it did 2 years ago. Prices are still significantly high because of low inventory while the multiple offer situations common a few years ago are non-existent.
In general, the market has slightly softened due to several factors. They include the tax reform bill passed in 2017, the…