Monday, April 02, 2007

Adelaide's real estate market in grid lock

Many of you out there who are looking to purchase may be finding it
difficult to find your ideal house within the current market conditions.
After a booming Spring, the Adelaide real estate market is experiencing a
shortage of properties.
The best way to describe this is that buyers and sellers are in grid lock.
There is strong belief that Vendors are holding off on the sale of their
homes until Winter, due to the drought, and aren¹t wanting to sell until
they have purchased; while the houses that are on the market are being
snapped up by eager purchasers. Without any movement from home owners
looking to sell, the flow of homes through the market is slowing causing
this grid lock situation.
Home owners, if you are holding off putting your home on the market now is
the time to reassess. With other vendors also waiting for the winter rains
to Œgreen up¹ their gardens, we will potentially see a flood of properties
coming onto the market over the next couple of months. Along with this
another interest rate rise by the Reserve Bank is being forecast for April
ŠSo if you would like to beat the rush, now is the time to sell and we would
be delighted to assist you.
Karen Raffen, CEO <>

© Toop Real Estate Group

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