Knowing how to tell whether the market is starting to change – whether it’s trending up or down – can help purchasers determine how to go about their property search.
If the market is getting weaker, then they have more time to buy without seeing prices getting away from them. When it’s getting stronger, many wish they had tried to make up their minds sooner to avoid missing out or paying more. So what are the signs of a market on the move?
If the market is trending up (i.e prices are likely to rise), watch for:
Conversely, purchasers can take their time if the following signs of a market slowdown leading to lower prices are occurring. Watch for:
Source: Local Property News.Net