Here is what buyers received in seller paid concessions on July 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:
This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory!
Renee, Queen of the pie charts, love it, can't seem to do it, jealous about it! Interesting stats. Lot of red and blue, I guess that's patriotic, I think it looks similar here.
Renee
Nice to see that sellers do not have to make huge concessions as they did not too long ago.
It is so confusing for some buyers out here who think we are in a "buyers market!" With the seller paying practically zero at closing it sure feels like a "seller's market" for some (most) folks. Great chart to demonstrate what exactly is happening in the market right now!
BTW ~ Love the buttons!
well..banks which I believe are the majority of the 'seller' portrait on said graph...they dont want to give away anymore than they already are!... you want a cheap home..you got it..no ifs, ands or concessions! Interesting stats thanks for sharing!
Great stats as always Renee. Info on concessions is so important in painting a true picture of the marketplace. When 69% of people are getting $500 or less, it is a clear indication that seller's have already adjusted their prices.
Renee, You are really on top of your market, aren't you? Too many times Realtors just relay on "gut" feelings.
Debbie: Not too many concessions given these days!
Tom: Not too long ago is correct. Right before HVCC. If you get them now and an appraisal comes in low and they have to adjust the price you will see them disappear!
Terrie: Exactly! (the buttons came from a post from Rita Burke last Sunday!)
Merri: True that. Lots of buyer competition is preventing concessions!
Erik: Yes they have!
Rich: I have to be and I have to show buyers why they can't rely on certain things like concessions ;)
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