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What's Taking Place in Your Real Estate Market?
I am curious if there is any quality signs in anyone's real estate market. Increase in prices would be a major plus. Are you seeing any trends? I know in many markets sales are increasing, but the average price is still declining. That means the sales are lead by distressed properties. In Atlanta both price and sales are still in decline. I posted a few this week about the Atlanta real estate market that discussed our trends. I also noticed in some real estate markets there is a trend that listings are increasing daily. January is an early time to go on the market. In a normal market listings tend to rise with Spring break to coincide wtih selling and closing a home by the time the children finish school for the year. I personally do not think that will be the case this year. My thoughts on this is that sellers want to move their home, and will place it on the market much earlier this year, prior to the spring market. Their reasoning is probably that they will try the higher price at first and then lower it until it sells. In some markets I have seen a substantial ... more
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