Market Watch
We are halfway through 2012 and I think it is a good time to see where we are this year and compare 2012 to 2011. For the first six months of 2012 our Broker Listing Cooperative, (we used to call this our MLS) has sold almost $260 million of real estate up just over 4% from the preceding year. Homes sold this year have exceeded last year in 5 of the first 6 months and are up almost 5% from last year. In addition the list price to sale price ratio, which is the percentage of list price compared to the asking price has improved slightly and is over 95% so far this year. Days on market (how long a house is listed before it sells) is at 123 days this year. Although I would like for this number to be lower is down from almost 140 days last year at this time. Finally our inventory levels are better than they have been for several years. We have had less than 7 months supply of homes on the market for 3 of the past 4 months. We never had less than 7 months supply in 2011 and we averaged 8.7 months for the entire year. This is a significant improvement and 2012 will the best year we have had since 2006 for inventory levels.
All of the figures in the preceding paragraph were from our BLC. I am proud that F.C. Tucker Emge Realtors has substantially outperformed the market for the first 6 months of the year. My company increased sales 14.9% over this time frame and in fact if you remove Tucker’s increase the rest of our BLC was down .4% over the same time period. Although I always work hard for my clients I know one reason our company has performed much better than the market is because both our FCTuckeremge.com website and our Tuckermobile.com websites are superior to those of all of our local competitors. Virtually all buyers start their home search on the web and we want to make sure that buyers continue to go to our site first. It helps our buying clients find what they are looking for and is the best exposure available for our sellers.
Kathy and I are here for all of your real estate needs. Please contact either of us if you have any questions or concerns. You can reach me on my cell phone at 812-499-9234.
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