Lets try this again. And please resist the urge to pollute this thread. If you have requests for additions send me a PM. If you dont get response I am ignoring you.
One request. Lets try not to turn this into a battle over interpretations and try to keep this one focused on the data. Maybe we can start a separate thread if folks want to dicuss it.
Normally, I would call that a strong buyer market.
More buyers than active inventory.
However, I think that current lending issues really make this more constrained than that.
I would be curious as to what other, not drunk, agents are seeing.
And yes its obvious when you are posting drunk.
You know who you are.
FWIW, I just got 5 calls this morning on a listing I have up my way which is about what I had been getting each of the 1st 3 weeks. I figured something must be up and ran a search on inventory. You can count on 1 hand the number of comparable listings in this area in its price range. To give you an idea of how big the market is, I would estimate there are close to 5,000 homes in this submarket I would put up in this class. It caught me completely off guard.
I didnt have the possibility of rising prices on the table but I would have to now. This area is prime for the corporate relo crowd who will start arriving soon on home shopping trips and there is nothing for them to buy right. Anything could happen and it probably will…
Well it’s been a long time since I saw a Real-estate agent advertise for organic listings.
Just saw one.
Was in the land of QCOM so probably does not mean much however.
Another one of the handful of listings I saw this morning went pending. Now all that is left are a short sales that are mostly in lousy locations. Its gonna be an interesting Spring. I didnt expect it to be this tight.
[quote=sdrealtor]Another one of the handful of listings I saw this morning went pending. Now all that is left are a short sales that are mostly in lousy locations. Its gonna be an interesting Spring. I didnt expect it to be this tight.[/quote]
I’m still waiting for the after super bowl inventory bounce. In MM, it’s actually lower today than a month ago, for both SFR and condo.
It feels down everywhere so far. It’s pretty shocking how little is coming on the market. Things are selling quite a bit faster than new inventory is coming on line.
.
