Buyers Better Hurry Up and Buy!!!

It's a great window of opportunity to sell your home right now.  Buying activity is incredible.  Almost every week of 2012 has seen over 200 properties go under contract.
  

That is awesome because that only happened 4 times in 2008, zero times in 2009, 9 times in 2010, and 19 times in 2011.  And most of those were in the spring and summer.

For sellers, almost 30% of what's going under contract right now is either a short sale or a foreclosure.

Another 27% of what's going under contract is new construction.  That means that almost 67% of what's going under contract are non-traditional sales.

We've all lost about 30% in value since the peak of the market in 2006.

Inventory is down to only around 6,000 active listings, which is certainly better than the 10,000 that we've had for sale.This is still too many homes for sale.

We've only been able to sell between 8,000 and 9,000 homes over the last 4 years.

Since a healthy, balanced market is only 6 months of inventory, we should only have 4,500 homes on the market.

Prices are currently back to 2002 - 2003 levels and are stable.

Lisa Thompson, Realtor
843-270-2221
Lisa@LisaThompsonRealtor.net
http://www.realestatefromlisa.com/