I find it interesting when buyers “wait” to buy a property. Not because they need to save money or some other logical reason, but because they want to see if the prices are going to go lower.
Prices are driven by supply and demand and a bit by interest rates going up or down.
Depending on your price range (what price home you are buying), will dictate whether it’s a buyer’s market or seller’s market.
For example; in Chittenden County Vermont, in the price range under $300,000.00 it’s a seller’s market because there is so little to buy.
So my advice, interview your Realtor, discuss where and what and your price range. Get educated about the market.
