I am hearing stories of more and more sellers that are finally putting their foot down and saying NO MORE! We are not lowering our prices down anymore and we aren't considering any low-ball offers! I've had a couple of my buyers submit offers that were low because they wanted to see how motivated the seller was and the sellers refused to even counter, they just rejected the offer.
I think many sellers have finally had it and think enough is enough!
Take a look at the stats below of what has sold so far this year in Manatee County. Look at the average sold price. Not going down anymore is it? Other than the spike is March, prices haven't come down. That right there should be a wake up call don't you think?
Jan 2007
# of Single Family Homes SOLD = 128
Average SOLD price = $347,200
Feb 2007
# of Single Family Homes SOLD = 179
Average SOLD price = $354,732
March 2007
# of Single Family Homes SOLD = 209
Average SOLD price = $399,378
April 2007
# of Single Family Homes SOLD = 221
Average SOLD price = $367,482
May 2007
# of Single Family Homes SOLD = 225
Average SOLD price = $368,689
(stats are deemed to be accurate, but not guaranteed)
I think there are still a handful of sellers out there that do need to sell and will look at a low offer, but I think for the most part, sellers are holding firm. Many feel like they have lowered their prices enough and they are going to hold firm at where they are currently at.
What do you think? Is the same thing happening in your area? Are your sellers saying the same thing?
*The above information is Copyright © 2007 Becky Troutt and may not be copied, reproduced, distributed, transmitted, displayed or published. All rights reserved. Plagiarism will be detected and is punishable by law.
Comments(8)