Well unfortunately Inventory levels are increasing by over 100 units to almost 2900 Single Family homes for sale compared to July. Although another key metric of the market is Solds, which is up as well over July 2010. Unfortunately it is up only 8%. We were expecting a lull in the business in July because of all the closings pushed into June to get the Tax Credit.
Same story as usual in the Distressed Market Report. Approxiamately 1/3rd of Actives are distressed, over 2/3rds of houses under contract are distressed and the majority of houses that make it to closing are NOT distressed
We currntly have housing available from $10,000 up to $3.85 million. The cheapest home sold went for only $19,900. And it also shows there are some incredible bargains, if you are willing to put some work into it. I am pretty sure a house selling for less than $16 per square foot.
Quite a variety of housing eh? I see 600 Days on market, 750 Days on market AND 1269 Days on Market. And yet the average Days on Market for Sold Houses is, and has for some time, been ~90 days on the market or just about 3 months.
If you want to sell a house your listing has to be IN the market, not just ON the market
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