Real Estate One, the broker I work under, is the largest broker in the state of Michigan. So large, in fact, that in 2004 (last set of data available), according to the National Association of Realtors, we were ranked 25th in the nation for total transaction sides.
So, Real Estate One is not a wilting flower when it comes to real estate. To that end, our President of Brokerage Services, Dan Elsea, son of the founder of Real Estate One, Dick Elsea, recently released his 2006 Market Letter.
The quick summary of the letter, is that we have not seen an opportunity like we currently have in the real estate market. Low interest rates and a lot of inventory. While it may take some digging to find realistic sellers and fairly priced properties, the chances of finding them in this market are greater, just out of sheer numbers.
Advice to sellers is in-line with what this blog has repeated on many occasions: price at market value, monitor your competition, be ready to consider concessions for buyers, and adjust pricing accordingly. Well-priced homes, that exude their value, are selling and will continue to sell.