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Inventory of affordable homes is on the rise

By
Real Estate Agent with RE/MAX Preferred, Madison, Wisconsin

Sales have decreased since the last tax credit expired, while single family home inventory has risen in many price categories.

 

Home buyers in the under $200,000 price category have more leverage than they had a year ago, back when the tax credit was in play. Consequently home sellers in this category should critically evaluate their pricing, presentation and marketing to ensure they are on the mark.  

There are no givens in this market, even in the affordable home category, which traditionally has been kind to sellers.

You'll find our full report on inventory by price range on both the buying real estate and selling real estate pages at DaneCountyMarket.com.

Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I don't know how much leverage home buyers have but they surely do have tremendous opportunity.

Nov 01, 2010 12:44 AM