Spring is in the air

Real Estate Agent with ERA Broder Group
What a great time of year. The grass is green, the sky is blue and the landscape is colorful. What can be better? In the Real Estate business, we love the spring because with it comes the "Spring Market". Inventory increases, buyers come out to look and hopefully buy and this year the marketplace sees that the current real estate market is not as bad as the media says it is. 
In West Hartford over the past 30 -40 days our inventory has increased by close to 20%. THIS IS A GOOD THING! We had such a low inventory that there was "nothing to buy" according to several of my clients. In town we roughly have 25,000 houses. Currently we have about 235 houses for sale plus about 15 multi families and close to 100 condos. Not huge numbers. At the same time we have steady number of properties under deposit. I have noticed that the number of houses under deposit is properly in line with the inventory as it moves either up or down. What this tells me is that we have a balanced market. I anticipate that as inventory continues to increas, the properties that under under deposit will also increase, in turn keeping our market balanced.
Enjoy the spring. Get out and play ball with a child. 


Comments (2)

Debra Gambill
Weichert Realtor's Southern Coast - North Myrtle Beach, SC
Realtor, N.C. / S.C
A great time of year for buyer's--but unfortunately- a great time of year for me to want to play too- how I wish I could-lol
Apr 24, 2008 12:19 PM
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana
Spring hack it's Summer down here already.  We had 90 degrees this weekend in Baton Rouge.
Apr 24, 2008 12:57 PM