We seen the local NSDCC detached-home inventory hovering lately, instead of dropping off as expected. Two other signs, declining sales and SP:LP, make it look like buyers are gaining more control as we head into Halloween week.
The number of sales between August 15 and October 15 are down 18% from last year (and 25% from 2012), though there will be some late reporters:
| Year | |||||
| 2011 | |||||
| 2012 | |||||
| 2013 | |||||
| 2014 |
Buyers should stay engaged, if for no other reason than the low rates. The dwindling new listings coming on the market should be ‘motivated’, and if you don’t mind weeding through the long-time listings there should be some deals in there too.
Its kind of odd you have some people fighting over million dollar homes and you have 50 million people on food stamps.
We have really turned into the haves and have nots haven’t we?