From the local paper:
Local real estate recovery
As the local real estate market continues its recovery from the 2009 collapse, 2014 is looking like the best year since the boom times in terms of both transactions and money generated by those sales.
Sales volumes, the amount of money generated by those transactions, is more than 30 percent more than 2013’s totals through the end of July.
So what does that mean? If you have been on the fence about buying, the grass might be greener on the other side of that fence, but it is going to get more expensive the longer you wait. Combine our current recovery with interest rates that are still relatively low, and you are going to get more “bang for your buck” now. For sellers, it means that your property values are increasing, but waiting to list your home until prices go up may not be the best strategy. Buyers now have the aforementioned low interest rates, which will allow them to afford more than they originally thought. Selling now will allow you to, in turn, move up the property ladder and move into something that will make you happy for years to come.