That’s the word according to the big news casts! I just heard it again last night. That may be correct for the nation as a whole, but NOT for our area! Here are the stats from last week, and the same period last year. (This year’s numbers are in blue and link to the lists for that category.
|Newly Listed||Back on Market||Price Increase||Price Lowered||Under Contract||Closed|
As you can see we are doing MORE sales and more listings than 2013. You might also notice that the price reductions are double last years. If you have been following our blog this is no surprise. To those just joining us this does not mean prices are dropping.
This high number is the result of listings coming to market with unrealistic expectations. As these sit their owners are missing out on opportunities; a buyer that might have liked theirs has gone (and many purchased) elsewhere.