When Should You Make An Offer?

We have a beautiful newer home available with three bedrooms in a newer neighborhood, and the price is $150,000. When should you make an offer?

Analyzing and trying to figure out the housing market and when you should make an offer on a house can be a losing battle. The best time to make an offer is when you have the money to do it, and when you have found the home you want to live in for a few years.

Here are some statistics of mostly three-bedroom homes in Moses Lake for sale
for $150,00 or less:

As of October 19, 2007 there are 28 available right now.

Average number of days on the market: 79 days
1 of those homes has been on the market for one day
1 of those homes has been on the market for over 400 days.
5 of those homes have been on the market over 130 days.
I'll eliminate those 5 momentarily...

23 of the homes have been on the market for an average of 41 days.

Statistics of three-bedroom homes in Moses Lake that sold in the past six months
for $150,00 or less:
As of October 19, 2007 there are 67.
15 were manufactured homes.
7 homes were on the base.

55.2% were on the market for less than 30 days.
19.4% were on the market for 31-60 days
25.4% were on the market more than 61 days

Average square footage: 1,200 square feet
Average price: $116,000

Remember that beautiful newer home available with three bedrooms in a newer neighborhood for $150,000?

When should you make an offer?

Right NOW.

Connie Suehiro, Realtor
Gary Mann Real Estate
Moses Lake, WA
509-765-3463 office
509-431-5804 cell