The Dunedin real estate market is heating up.  Click on our Market Insider link for the month of October to see the data, list prices are lower than actual sold prices.  This is not what we have seen for the last few years and now suddenly the market has shifted from a buyer's market to a seller's market.

The median list price in Dunedin is $153,420, the median sold price is $167,000.  In brief, this is telling buyers not to wait for a "better price" because that better price is not coming anytime soon, unless there is another market "correction".  In the Dunedin real estate market, there has been an increase of almost 12% in active listings in the last month, and the average time of market is only 68 days, which is significantly shorter than the national average.

The long and the short of this brief topic is to take your time finding the right home, and when you find it, do not hesitate and make your best offer right away.  Chances are, if you like a specific house, someone else also likes it and will be making an offer.  To avoid an auction atmosphere, make your best offer when you find the house.  Don't take a weekend to "sleep on it".