As a member of the Shaun Rawls Keller Williams Realty group, we are fortunate to have our own statistician. Today we had our 2nd quarter statistics update meeting. And the numbers are fantasitic. These numbers are compiled by the actual sales reported by the local fmls listing service. They take into account each and every time the house is listed until it sells. They look at the single family and the condo market and they look at the distressed sales even differentiating them between foreclosures and short sales.
In the 41 metro county market that FMLS services, we are now a sellers market. With an average of 4% absorption rate in the single family and an amazing 4.9% for the condo market, it's time to get off the fence. If we could show you the statitics and charts we saw today you would be amazed at where we were and where we are now. No longer should the buyer be thinking...let me think about it. With a whopping 20% of all sales going at 100% or MORE of list price they better decide today. Additionally, it was interesting to see the stats between distressed sales and regular retail sales. No longer can you get the amazing deals on the distressed sales. They are enjoying multiple offers like you wouldn't believe. Even in the retail market, with inventory so low we are seeing mutliple offers across the board in all sale prices.
Moral of the story...If you were waiting to buy you probably missed the boat. As a seller you better hurry because you may be up against stiff competition as the home builders start to come back to life. It will be interesting to see what happens over the next 6-8 months but this Realtor® team believes whether you are buying or selling you better do it now.
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