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Fewer Homes On The Market

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

There are fewer homes on the marketthan there were a year ago.  Local experts typically note this time to have the market take off.  The homeowners that took there homes off the market for the winter are considering re-listing them. 

The problem locally is that there are more buyer than sellers at this time.  This is especially true at the lower end of the market.  The demand for homes has been very high for several months now.  The real problem is too few homes are coming on the market. 

Demand has jumped up over 28 percent in recent weeks.  Highest since 2005 so hold on to your hats we could be in for a wild ride.

Too get out and start looking for property just give us a call

New Construction Ocala Florida Real Estate
Pivotal Properties, LLC - Ocala, FL
Living and Loving Florida!

Well, I guess thats good news! Lets sell some houses! I'm ready to rock-n-roll! :)

Feb 28, 2010 05:47 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Jennifer,

Thinks for dropping by and it is good news and I have had a great Feb.

Feb 28, 2010 05:54 AM
Ray Wright
Keller Williams Realty - Riverside, CA
SoCal Realtor - A.L.C. - Company Trainer & Coach

Good post. Prices have stabilized and even started a slight "uptick" like you said.  perhaps it's time for many buyers to get off the fence before it's too late!

Feb 28, 2010 02:10 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Fewer homes on the market will usually indicate an up tick in the value of the homes.  I will keep an eye on that.

Feb 28, 2010 04:15 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Ray,

Prices have definitely stabilized and have begun the slow upward pull.

Feb 28, 2010 04:27 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Mark,

As I said to Ray the market is on its way up and that is a positive issue.

Feb 28, 2010 04:28 PM
Jenny Kotulak
RE/MAX Real Estate Centre Inc., Brokerage - Oakville, ON
Broker - Oakville Ontario Real Estate

Great if you are a seller but tough for the buyers.  I did an offer tonight for some buyers who already competed and lost one house.  Tonight we competed with 2 other offers.  My people did get it but they had to pay $25,000 over list price with no conditions.  Very frustrating.

Feb 28, 2010 05:04 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Jenny,

I agree that it does make securing a property difficult because of the reduction in inventory.

Mar 01, 2010 12:21 AM