Looking at market trends sometimes only yields facts; however, look deeper and those facts can indicate useful trends. In February, there were 277 3 & 4-bedroom (BR) home sales, while there were only 113 sales of 1, 2, 5, & 6 BR homes combined. First, if you’re a home buyer, your main competition is for 3-4 BR homes. Can you do with more or less than 3-4 BR? If so, you may have a better chance of getting a home. Are you looking for a desirable investment? The rental market is driven by similar trends, which means many tenants are looking to rent 3-4 BR homes. Competition for 3-4 BR rentals is fierce, and these desirable units command a high rent premium in this market, making them a great investment. When you’re in need of real estate services, I’m here to help you navigate through this hot market.
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