While most markets have risen over the last five years, some are flattening out, and some may have already dropped. This type of market offers great opportunity to the savvy investor. When property values are falling, inventory often rises, and many sellers become highly motivated when their properties fail to sell quickly.
Inventory, defined as the number of properties offered for sale, is a good indicator of current market trends. If inventory is low because of building restrictions or geography, then high demand will lead to rising prices.
Next year if you are intending to invest in real estate, beware, the prices are going to rise by 25%, and this rise is due to the change in the ready reckn or rates of real estate in the state.