See the table of info that drove these conclusions here.
It means that homes are selling faster than previously expected, usually around 4 months, if they are priced right. The data also tells us some other interesting things:
- homes priced under $450,000 are the most sought after price range
- there are not enough homes for sale for buyers
- homes are selling relatively close to their asking price
Monday, March 30, 2009
"there are not enough homes for sale for buyers"
From Kathy Stankard, a Franklin based ReMax realtor: