Friends And Clients Ask…How’s The Market???

May and June were slow months with the 1st time homebuyer tax credit expiring and the “pool” of buyers dried up for awhile.  Buyers started kicking around in July a little, but even more so in August.  We’ve been busier this month than we have in a long time!  Inventory is low. Buyers are having a difficult time finding exactly what they are looking for. Therefore, we are seeing lot sales and new construction starts increasing in many areas.  Foreclosure inventory is down (although word is that we’ll see another waive soon- no sign of it yet…). Short sale inventory is up; but offers are coming in and getting processed more quickly than before as lenders are adapting their staff and systems to handle these intricate transactions.  It is still clearly a buyer’s market; so if you’re thinking of selling, you need to be in TOP NOTCH condition and PRICED AGGRESSIVELY!  Click on our blog’s “market stats” page to see real time housing sales statistics specific to your area!

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