Where are all the buyers in Sequim and Port Angeles? This is the question. For those selling their houses, and there are several dozen each month, the buyers are here, but for hundreds of sellers, the question remains.
Real estate market cycles are a part of our history, and they are are part of our present and future. That’s life. That’s real estate. My speculaton is that we are experiencing pent up demand that will come back with a healthy dose of buying at the right time.
When will that happen? Six month? Next spring? Longer? No one knows precisely, but it will happen. As we eventually get past the poltical elections, and as the mortgage crises passes and as the economy gradually regains its footing, real estate will start selling again around the country, and buyers will be showing up in Sequim and Port Angeles.
One day we will look back at this difficult time and say, “Oh, yea. Those were challenging times,” and the present enormity of our crisis will fade in our memories.
Last Updated on August 31, 2008 by Chuck Marunde
