Usually things slow down into May/June. Homes that listed in Feb/March/April that are still on the market by the end of June then need to seriously think about meaningful reductions. Many of those same sellers hold out until Sept or later then pack it in for next spring if they do not sell. The smarter ones slash and burn and get the homes sold.

Right now I am pretty darn surprised at some of the active/pending ratios in certain desireable areas. As a buyer I am disappointed by the activity and was hoping for poorer results.

SD Realtor

Usually things slow down into May/June. Homes that listed in Feb/March/April that are still on the market by the end of June then need to seriously think about meaningful reductions. Many of those same sellers hold out until Sept or later then pack it in for next spring if they do not sell. The smarter ones slash and burn and get the homes sold.

Right now I am pretty darn surprised at some of the active/pending ratios in certain desireable areas. As a buyer I am disappointed by the activity and was hoping for poorer results.

SD Realtor

Doesn’t matter. We still have foreclosures in the pipeline, we still have an oversupply of listings, and the volume of sales just about can’t reverse its trend due to the financing criteria.

What amazes me is how steady the downtrend has been so far. I expected the trend to manifest itself in spasms, not the equivalent of the freefall that we’ve seen in the last 9 months. I stand by my earlier comments that a -10% adjustment in a price over the course of the year is a pretty fast adjustment. The -15% stuff is mind-boggling. To me, at least.

Let them have their bounce. Foreclosures from the first wave won’t peak till the end of this year and it will take another year (maybe longer) just to retreat to where we were in 01/2007.

Doesn’t matter. We still have foreclosures in the pipeline, we still have an oversupply of listings, and the volume of sales just about can’t reverse its trend due to the financing criteria.

What amazes me is how steady the downtrend has been so far. I expected the trend to manifest itself in spasms, not the equivalent of the freefall that we’ve seen in the last 9 months. I stand by my earlier comments that a -10% adjustment in a price over the course of the year is a pretty fast adjustment. The -15% stuff is mind-boggling. To me, at least.

Let them have their bounce. Foreclosures from the first wave won’t peak till the end of this year and it will take another year (maybe longer) just to retreat to where we were in 01/2007.

Doesn’t matter. We still have foreclosures in the pipeline, we still have an oversupply of listings, and the volume of sales just about can’t reverse its trend due to the financing criteria.

What amazes me is how steady the downtrend has been so far. I expected the trend to manifest itself in spasms, not the equivalent of the freefall that we’ve seen in the last 9 months. I stand by my earlier comments that a -10% adjustment in a price over the course of the year is a pretty fast adjustment. The -15% stuff is mind-boggling. To me, at least.

Let them have their bounce. Foreclosures from the first wave won’t peak till the end of this year and it will take another year (maybe longer) just to retreat to where we were in 01/2007.

Hey SD R,
You state that the desirable areas are doing ok, and everyone here wishes for alittle less. Totally agree. I am just wonering how the total spring selling season is. How are the middle and low income areas? I follow MM, clairmt, Pway, and I know there is more activity than 3 months ago, but eh! that is to be expected. What about the other areas of the county? Sales are good overall, or is CV and 4S holding out and everyone else is getting clobbered? Just wondering.

Hey SD R,
You state that the desirable areas are doing ok, and everyone here wishes for alittle less. Totally agree. I am just wonering how the total spring selling season is. How are the middle and low income areas? I follow MM, clairmt, Pway, and I know there is more activity than 3 months ago, but eh! that is to be expected. What about the other areas of the county? Sales are good overall, or is CV and 4S holding out and everyone else is getting clobbered? Just wondering.