Wednesday, April 25, 2012

Anyone Notice a Swift Change in the Market?

Anyone else notice something neat happening or is it just me? Here is what I am noticing. Homes are selling very fast and frequently with multiple offers. We are seeing homes selling in less than 60 days. But...days on market for active listings is still very high. The overpriced listings are hanging around too long and then there are the dregs. You know, terribly distressed properties which require cash or a rehab loan. But outside of those two examples, homes are selling very quickly. A well priced home able to be financed should be no problem to sell in today's market. Buyers are out there and rates are still fantastic.

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