Raleigh Market Clock
I recently read an article from Realtor mentioning Raleigh's Market Clock this spring sits around 3 o'clock. Right now the increased inventory gives buyers the upper-hand.
I'm curious to hear investor opinions on how they plan to enter back into a balanced market.
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That's a great point, and I think it comes down to the investor's timeline and carrying costs. If I'm sitting on a finished flip and the market softens, I'd rather price it appropriately and move it than try to hold out for a market shift that may or may not happen. Every month you hold, you're paying interest, taxes, insurance, utilities, and taking on market risk.
To me, the best time to make your profit is when you buy the property, not when you sell it. If the deal was underwritten conservatively from the beginning, there should be enough margin to adjust to changing market conditions. Of course, if you're in a strong position financially and inventory is tightening, waiting could make sense. But in most cases, I'd rather take a good profit today than gamble on a better one tomorrow.