Thursday, October 27 2011
Several times over the past few months I have suggested that we need more listings because properly priced listings are selling. There are three reasons that I feel so strongly that this is the case. First, the number of listings on the market is below historical norms. We currently have less than 2900 active listings in our area. This compares to a high of over 3700 listings, or a reduction of 25%. Second, is that our month’s supply has remained pretty consistent since February at levels lower than the previous two years. Third, our prices have stabilized at levels about 3% above last year’s prices. Keep in mind this information applies to the housing market in this area only, not the entire country.
I have been confident that good listings are selling for some time now but received some confirmation from an unexpected source recently. I have a Realtor friend in Ft. Wayne who does a lot of real estate statistical analysis. He asked me if I would share some information about our MLS so he could see what his analysis suggested about our local market. I sent him the information he requested and a few days later he sent me an email. The first half of his comments were statistical in nature and discussed the ratios he used, but the second half was pretty clear either to the novice or a seasoned veteran. He said “All I can say is you better be getting listings because they are selling, certainly if priced right…” Keep in mind his analysis is based only on hard numbers and has nothing to do with his direct experience in this market. If you or anyone you know is considering a move, now is the right time to act.
Homes in good condition that are priced right are selling. I can’t promise that I can sell your home today but I can promise that no company or agent in this area has better tools or a better marketing system that F. C. Tucker Emge Realtors. Call me today and I can get your home on the market before conditions change again.
Kathy and I have been working on a Home Buyer’s Guide for some time now and we would be more than happy to share this with you. Just call me at 812-499-9234 or email me at Rolando@RolandoTrentini.com and I will email you the report.
We hope you will enjoy the rest of the fall season as we are. We took a small trip to Patoka Lake last weekend and saw thoroughly enjoyed nature in full color.
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