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What to make of the market?

By
Real Estate Agent with Coldwell Banker Hearthside, Realtors RS203119L
I'm really not sure what to make of this market.  I see tons of activity out there.  There seems to be plenty of business to be had.  In my market, Bucks County, Pa, the average sale price rose about 2%  I do see houses on the market for a much longer period of time, a lot of price reductions, and a lot more rentals than ever before. This month so far, our board is sale heavy, and price reduction heavy - fewer listings......but lots of activity!!!

Comments (6)

Jeff Kessler
Austin Homes, Realtors www.OwnAustin.com - Austin, TX
Broker,CLHMS,GRI

Austin is doing pretty good.  We did aquire a few more homes on the market, but overall going well.

J..

Dec 02, 2007 07:44 AM
John Stauffer
John Stauffer MBA, E-pro,CRS, ABR, GRI, SRES - Battle Creek, MI
Vickie - Cogratulations on being in amarket that has seen an increase in sale price (no m atter how small. We have seen on average over a 10% reduction in price and in some price ranges prices have plummeted 20-25%. That being said we are seing lots of activity too. Average time on market is over 10 months - The activity is the same buyers looking at every home and still waiting. They won't pull the trigger when the prices keep going down unless they absolutley have to. Therefor the "sense" of business lots of showings but low sales cause buyers won't take the plunge.
Dec 02, 2007 07:47 AM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
Things appear to be bottoming out in Orlando.  Inventory has leveled off.  Prices appear to have leveled off from dropping earlier this year. 
Dec 02, 2007 08:14 AM
P G
Charlottesville Solutions - Charlottesville, VA

Charlottesville is OK...but I feel it will be months (or longer) for things to start ascending.  may take the election!

 

Good Luck

Dec 02, 2007 12:45 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hi Vickie,

Welcome to Active Rain! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Dec 02, 2007 01:32 PM
Brian Hoots
Real Living Speckman Realty, Inc. - Bourbonnais, IL
Vickie, Welcome to active rain, glad to here your market is stable, similar to my market.
Dec 02, 2007 03:53 PM