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Good News for Buyers, Bad News for Sellers

By
Real Estate Agent

good news bad newsFirst quarter of 2011 showed sales for single-family detached homes up by 20% and average price down by 11% in Tallahassee, FL.  Average time on the market: 150 days. 

As more foreclosures hit the market, prices continue to be driven down and homeowners who need to sell should pull out the stops to get their home sold before prices go any lower.

Economic conditions both nationally and globally don't look promising for the next few years, so if you've got to sell, get out as fast as possible.  If you don't know how to get your house sold quickly, ask your Realtor. If they don't know, get a second opinion from someone who knows how to operate successfully in the local market.

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