4. Inventory is down
10% compared to
last year but sales
are up 16%. There
is a shortage of
listings.
Copyright 2012 Neil Kearney, Kearney Realty Co.
5. 40% of listings on the
market are under
contract. The market
in some segments has
shifted back to a
sellers market.
Copyright 2012 Neil Kearney, Kearney Realty Co.
6. This past week
broke a great
positive trend. I
expect that green
line to head back up
again.
Copyright 2012 Neil Kearney, Kearney Realty Co.
7. Total sales are up
approximately 16.5%
from last year.
Copyright 2012 Neil Kearney, Kearney Realty Co.
8. Fewer listings have
hit the market so far
this year.
Copyright 2012 Neil Kearney, Kearney Realty Co.
9. My View of the Market
The market is very strong. Buyers have figured out that
this is a great time to buy. Prices have not yet started
rising significantly and interest rates are still very low.
There is a shortage of listings and for buyers it is now
imperative to be in the market every day. Being a casual
looker, means missing out on the good listings. New
listings are selling within a few days if they are priced
well in many price ranges and areas.
Copyright 2012 Neil Kearney, Kearney Realty Co.
