A Deeper Look into this Wild Market
So this is a wild market. Many people ask me - when do you think this will change? As appraisers, we pay close attention to the market as it unfolds and report what we see. So, we begin by looking at the larger market ... but then we will always need to take a more detailed look at the specific market of the property that we are appraising for our client. As of today, I can tell you that in looking at the larger market there has been no delay in market activity and prices continue to increase across the SE Pennsylvania region as inventory remains limited. But when we take a closer look at specific markets.... not all markets are the exactly same. Some are seeing more extreme market reactions than others. There are differences when comes to appraising a new construction home vs an older home..... or a detached home vs a townhouse...... or a condo...... or a home located on many acres with horse amenities.....or a home located within a conservancy...... you get where I am going with t