June sales statistics for South Hampton Roads are in and what a difference a year makes. This time last year, I was worried if one of my listings was on the market for more than a couple of days. Market times have increased 76% and sales are down by 6% compared to June 2005.
I, for one, don't mind the market correction that is taking place in Hampton Roads, Virginia. I don't miss the insanity of the last few years with buyers having to pay more than a property was worth and do it without a home inspection.
The leveling of the market, will weed out the part-timers and the agents who don't know the first thing about marketing a home or themselves. The cream will once again rise to the top and those of us with the market experience and negotiating skills will land on our feet. (I'll get off my soap box now)
Of course, one reason, my Team and I are doing well is do to the marketing efforts of my Virtual Assistant, who also happens to be my wife...but I am not prejudiced!
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