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Where Did All The Houses Go???...The Phenomenon Of The Vanishing House...
Southampton, New York has been a very busy place for real estate this year! The only problem I see is that the housing inventory is dwindling and very few houses are coming on the market for our projected  "hot" selling season--1st quarter of 2011. We now have the phenomenon of the vanishing house..."Where did all the houses go?"
Fast paced sales and no inventory--not a good place to be!!!  Some may even say it's worse than a boat-load of inventory and very few buyers! I don't know if I would say that but I will tell you each and every deal that comes together now is tense and scary--lots of high emotions with a frightened buyer and a very anxious seller in almost every single one! The scarcity of properties is making it even more treacherous for everyone involved!
 
 
Maybe that is just a sign of  the times; maybe the truth is that the fewer the houses to pick from, the better the chances there are to sell something--I prefer to work with less inventory, myself. My background in retailing taught me that in order to get "faster turn" you need to keep inventory low and sales coming in at a fast pace. Faster turn creates fewer markdowns and better ... more

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