Hello local readers.
Here are the numbers:
Our Local market contiues to be a buyers playing field. There has been a steady decline of buyers as well as listings. At the end of October we had a new listing inventory of.
40,206 ( 9906 south-side) NEW LISTINGS as compared to 2007 numbers of 44552 (10700 south-side)
and a sale inventory of
16696 (4682 south-side) SETTLED SALES as compared to 2007 numbers of 21009 ( 5647 south-side)
We are much closer to the 2006 inventory levels but well below settles sales levels for 2006.
Over all with a shrinking inventory it would seem that we have a market change, buy look deeper. Buyer traffic is declining still faster than inventory.
What does this all mean ?? ITS A GREAT TIME TO BUY A HOME ! If you interested in a specific numbers for you community send me a message. Each area is moving at its own pace Id love to help you figure out how to sell your home in a timely manner. Virginia Beach Real estate is still a moving market with a lot of hot properties. If your a seller who is facing a short sale crisis call me I have a plan to help you out. Loaded with great ideas marketing and skills to let you know what is happening from a market plan as well as all the calls done on your behalf. Real Estate should not be a crisis with the right person working for you.
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