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Bloomingdale Homes - What's the market like in September 2010?
How to describe this market for Bloomingdale Homes? Unbelievable!A now retired agent in my office used to say this to encompass every conceivable change or option and still stay positive! I'm going to loudly reiterate that phrase to update you on recent Bloomingdale Home sales. But really it's been odd and slow.Over the last 3 months, inventory for Bloomingdale Homes was climbed from 8.8 months and ending at 15.7 months. Added inventory is going to make your home take longer to sell (especially going into the winter months). More inventory is great for buyers but not welcomed obviously as a seller. Keeps prices down and sellers are competing harder to get buyers attention with either lower prices or incentives.Percentage of Listed Bloomingdale Homes that go under contract each month.
Real estate is unique with a 60 day lag time between contract and actual closing. So you could see in the current pending statistics whether activity has increased or decreased. Despite the numbers shown for September, the pending sales are at the same levels as that of May. 'Steady as she goes but the sales trend is down'. So much for the tax credit - the final extended closing date for buyers was September 30th. ... more
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