Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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Whoa - is this a sign of changing times?
 
Over the past 14 months I have made several comments in my blogs about the infamous list to sell ratios being low. Too low.
 
The list to sell ratio is a very important figure to watch as it give us an insight to our upcoming markets over the next couple months. A healthy market should be sitting upwards to 60 to 70% historically speaking.
 
Well, here is some good news for seller’s (sorry buyer’s, you have had enough good news for the last year!) - The list to sell ratio is sitting at over 50% - yes...that is not the 60% - but it is definitely better than the low 40's it has been at for the past 12 months.
 
Is this a sign of our market reaching it’s bottom?
 
Sorry...I don’t have a crystal ball. I can tell you that first time buyers are scooping up all kinds of properties in that $300 to $350K range. This I suspect is going to spill outwards.
 
For those buyers in this range who are waiting to make a move until January to save $10K - sorry - not going to happen. This market is clipping along at an incredible sales rate.
 
Try this on for size...the list to sell ratio in the $300 to $350K range is 74% - Strong...very strong. Yes...I just said that.
 
So....you tell me....if the first time buyers are making some fancy foot work...what do you expect to happen in the next few months....I say things are mellowing out and heading for some stabilization.
 

There are some incredible deals out there - may be you should look at picking one up? They are not going to be there forever!


 

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