Friday, April 12, 2013

Home Owners Showing More Willingness to Sell?

Home Owners Showing More Willingness to Sell?

The number of listings on the market increased 2.36 percent in March from the previous month — possibly an indication that sellers are becoming more willing to put their homes on the market as asking prices increase, according to housing data.

While the data shows a month-to-month inventory increase, inventories are still down 15.22 percent compared to last year. Salt Lake City-Ogden, UT February 2013 Real Estate Trends
The median age of the inventory continues to drop year-over-year by 12.35 percent, the amount of time homes are sitting on the market has fallen by 20 days since February, according to realtor.com. The median age of inventory of for-sale listings was 78 days in March. 
Lowball offers are a waste of time: “The days when you could scoop up a house for 20 percent less than the list price are long gone,” Read more ...

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