Statistics in the Kansas City area for July have come out and it looks like the buyer still has an edge on the home market in both the new and existing home sales. Home sales; new and existing homes combined; are up 1% from 1 year ago.
We are seeing more buyers in the markeplace taking the leap of faith and buying. I have actually been seeing multiple offers come in on properties. This is a welcome problem for most sellers. The 1st time homebuyers are still the strongest group of buyers getting off the fence; due to the tax credit of $8000.00. This is ending December 1st, 2009.
If you are a seller that has a home that isn't getting the traffic that you need to get it sold; you may want your Realtor to use absorbtion pricing. It will help show you in your sub or zipcode how long it could take to get your house sold or you may want to do this to get your property sold quicker.
The Diva Team uses this approach; especially when we are dealing with properties on the market awhile or we take on a new lisitng for us, but it has been on the market with another agent.
I believe that the housing market in the Kansas City area is getting healthier and it is a good time to buy and sell, especially if you are not in your dream home, rates are still low!!
Until next time, Becky Alumbaugh, The Diva Team