I recently downloaded a market activity report for some investor clients that are looking in the San Marcos area. One graph that really stood out was the number of closed sales. It has dropped dramatically in the last month. It is hard to explain why there is such a significant change and there certainly must be several factors in play. We have seen our current buyers take a step back because of the instability of the job market. We have also seen our investor clients back off due to the falling prices. I know that many buyers are reluctant to offer on short sale properties because of the uncertainty of the property actually closing escrow.
No matter what the reason, the drop in sales is staggering.
Comments(0)