I'm new at this!
Okay this is my first try at this but I'm sitting at my office (overlooking the ocean-- ok ok!!) and thinking about the market -- having been in the business since 2001 I have not experienced a "slowdown" this is my first. I have spent many hours contemplating what happened to all the buyers?? Is it the interest rates? is it the scare of the hurricanes?? is the economy?? what exactly did happen?? I probably cannot answer these questions. Perhaps it is all of the above (none of the above) but I do know that here in our little part of the world -- Brunswick County, North Carolina, we have a tremendous amount of inventory, the likes of which we haven't seen for many years; and fewer buyers than we have seen for longer than that. Gone are the days of multiple contracts, gone are the days when properties are sold within weeks of listing -- many, many are on the market for well over 6 months, many more than a year and yet sellers still think that their pricing from 2 years ago should hold. It is tough to convince a buyer from another area that it is not a "Buyer's market" -- the old law of supply and demand has surely kicked in around here. We have had some activity but it is sure slower than I would like. Any ideas out there. I am totally open -- 2nd home-- resort areas are tough!
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