Here’s some more great info for your “to be” sellers and sellers
that need to make a price reduction.
Take aways:
·
The “Feds” are signaling that “housing doldrums” could
cause the slow economic recovery to stumble.
·
Nationally, sales through March 214 are 7.5% below the
seasonally adjusted annual rate of a year earlier.
·
Locally 2014 first quarter (Q1) sales are down 5.6% and
closings are down 11.9% from Q1 2013.
·
Activity has eased and closed sales have eased even more.
·
New home construction sales were down 13% nationally for
the month of March alone.
·
Less activity means that the breaks are being put on
appreciation. If the slowing eases much more, we could see a pull back in
prices.
·
It appears that smart sellers should take advantage of this
window of opportunity that shows signs of closing.
