The “New” Marketplace

by Chicago Agent


It appears that the housing market has bottomed, and is slowly making a recovery. According to a survey from ActiveRain, 84 percent of real estate agents expect home values and the number of transactions to increase in 2013. The most astonishing result of this survey is that 2,400 agents in all agreed that every single major market in the United States will see price increases.

And according to Trulia’s Price Monitor, asking prices increased 9.5 percent in May, and 98 of the nation’s 100 largest metropolitan areas saw asking prices increase from May 2012, and from the first quarter, 94 have seen increases.

With such changes taking place in the marketplace, it appears that what once were old challenges – pricing properties, multiple offers and whether or not to utlize pocket listings, to name a few – are making a comeback. But should agents deal with these challenges the same ways they used to deal with them? Or does this newly recovered market dictate that challenges be dealt with differently?

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