Jon McCormick http://jonmccormick.withwre.com Real Estate Wed, 18 Jan 2012 19:58:15 +0000 en hourly 1 New information for sellers- Shortage of listings http://jonmccormick.withwre.com/2012/01/18/new-information-for-sellers-shortage-of-listings/ http://jonmccormick.withwre.com/2012/01/18/new-information-for-sellers-shortage-of-listings/#comments Wed, 18 Jan 2012 19:58:15 +0000 Jon McCormick http://withwre.com/jonmccormick/?p=12 New statistics from the association of realtors has just been released, and a downward trend continues in the number of available listings in this market. Compared to December 2011, the total number of active listings is down by about 25%. Of the available properties, 36% are what are classified as distressed, short sales or foreclosures. This translates to about a 3.5 month supply of homes at the current sales rate. A normal balanced market is considered to be six to seven months supply.

Everywhere I hear people comment how bad the market is, and no doubt nationally there are some markets that are really hurt. But our local market still has a healthy amount of buyers out there looking for the right home. If you are thinking about selling, the bottom line is you won’t have as much competition as in the past. I will continue to update these trends in blogs to come!

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