Are Sellers Withdrawing?

By
Real Estate Agent with JustListedKnoxville.com / Signature Homes

MYJustListedKnoxville.com’ showcases Every REALTOR® listing that is entered into the MLS Coldwell Banker Real Estate Century 21 Real Estate GMAC Real Estate ERA Real Estate Real Living Real Estate Re/Max Real Estate Realty Executives Real Estate Sotheby's International Real Estate Weichert Realtors Assist-To-Sell Real Estate Prudential Real Estate Exit Real Estate Crye-Leike Real Estate Keller-Williams Real Estate and has more listings than Trulia Zillow Homes and Land Homesteps View Homes Homegain Real Estate Book Craigs List Oodle EBay FrontDoor MLs.com HGTV REALTOR.com which make MYJustListedKnoxville.com’ the largest area buyer resource for real estate in the Knoxville Tennessee Metro Area. Great Smoky Mountains Association of REALTORS MLS / IDX   Knoxville Area Association REALTORS MLS / IDXToday's News, Are Sellers Withdrawing? Written by: Just Listed Knoxville .com Friday Mon, October 28, 2011

A decline in inventories is normal at this time of the year as real estate markets buckle down for the fall and winter season. But the 20 percent plus drop in new single family listing from last quarter time suggests something else is going on.

According to data released by Just Listed Knoxville .com the Knoxville MLS area new listings of for-sale single family homes, declined 20 percent from last quarter, and are 18 percent lower compared to the same quarter one year ago.

The inventory picture painted by Just Listed Knoxville .com s unique database of more than tracks more than 30,000 property listings.

Just Listed Knoxville .com rely on listing data direct from MLS. One of the advantages of listing data is that it’s remarkably timely; when listings come and go is tracked virtually to the minute. Usually listings depart because there’s a contract or a closed sale, but these days departures also could be owners taking their properties off the market or simply not listing in the first place or to wait for better times. Keeping properties off the market for the near term may be a good idea for everyone concerned concluded the Just Listed Knoxville .com.

JustListedKnoxville.com is an alliance of independent licensed real estate agents and locally owned, independently operated real estate firms and agents with in those firms spanning a nine-county marketing area. Alliance Members bring 76 years of continuous real estate service to the community. The alliance shares the area's finest interactive systems and marketing programs offering state of the art professional consumer centered real estate services... access from anywhere at any time.

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Rainer
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Allan Sanchez
Roseville CA & Rocklin CA Short Sale Agent - Roseville, CA
Rocklin & Roseville, Short Sale Agent

Interesting to see if this will be true for other parts of the country as well!

Oct 28, 2011 04:49 AM #1
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