Buckley & Buckley Real Estate
Buckley & Buckley Real Estate
Buyers demand Compelling prices
Posted on November 24, 2009
If we were to sum up this past years real estate market in one sentence it would be is "THERE IS ONLY ONE WAY TO ENTICE THE BUYER" THAT IS WITH A COMPELLING PRICE. Many Sellers have been waiting for the market to improve hoping buyers will come up to their asking price but the sales we are seeing are of properties priced below the average of each price range. The message , today's market is the market we will have for awhile. 2009 has show slight improvement over 2008 but many home still languish on the market due to overpricing and they are in less than excellent condition. We expect the 2010 market to begin early in January with many new listings coming on in addition to the returning inventories that were taken off for the holiday's. Savvy buyers are eagerly awaiting this new wave of homes but will continue to be extremely discriminating. Sellers currently on the market who have not received offers and have seen a steady decline in showings would be wise to get ahead of the curve and reduce their asking price now while inventory is at a low point. You just might prompt a buyer to act before the end of the year.
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