Could Our Market Be Entering a Second Boom?

Roanoke Real Estate Podcast with Damon Gettier

Right now, the situation in our market is crazy. In my 17 years in the real estate business, I’ve only been a part of one boom, but it looks like we’re entering a second boom. The number of pending sales in February and March of this year were the highest levels we’ve seen since 2005. In other words, we’re in a very active buyer’s market. There are a lot of people out there who want to time the market, but I advise you not to do that. Most people in our area don’t move because they want to—they move because they have to, so don’t waste your time. “There are a lot of people out there who want to time the market, but I advise you not to do that.” That being said, because we’re in such an active market, you need to start looking at homes now if you’re thinking of making a move. Make sure you’re getting property updates on a daily basis. If a new listing pops up, you need to know about it within 15 to 20 minutes, because by the end of the day, it might already be sold. If you’d like to talk more about what’s happening in our market or you’re thinking of buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.