My New Blog

July 28th, 2007 5:48 PM
     It's not a mystery that the houses that get the showings are the ones that are realistically priced for the current market. Unless you have that rare property that is in the perfect location that will command any price you need to be priced smart. I read a good article in Broker Agent News today that highlights this very position. Buyers are out there and houses are selling! The median price is still slipping but hasn't gone into free fall, and interest rates have climbed but are still under 7%. What has changed is the number of sales are off 40% or so month over month and listings are still hovering just under 7000 units. What this means is if no other listings are added to the MLS it would take about 18 months to sell the existing inventory. If you want to be one of the listings that sells you MUST not only have the nicest curb appeal and inside presentation but be priced to sell as well.

Posted by Priscilla Arzivian on July 28th, 2007 5:48 PM

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