Did My Market Predictions Come True?
I wrote an article last February called “My Top 5 Spring Market Predictions For 2009.”
I just read back through my predictions so I will let you be the judge.. Here they are again.
- We see the first swing towards a sellers market we have in a few years.
- We see buyers using escalation addendum’s on contracts again.
- Builders stop taking offers.
- The short sales on the market get consumed.
- This hype leads us in to one of the most stable/ fair autumn markets we have had in years.
We have seen a swing towards a sellers market. We are seeing buyers use escalation addendum’s with offers. Some builders aren’t taking offers and many have raised their prices. However, they have not stopped taking offers completely. Many of the short sales on the market have been consumed, though buyers still hesitate with them. We are headed in to one of the most stable fall markets we have had in years.
So what is up for the holiday season? I will let you in on my predictions this week.
where did you get your stats that most of the short sales are being consumed? just wondering.
Hi Janet, just in Asbhurn there are currently 32 active short sales on the market. There are 102 short sales under contract. It is my suspicion from how many agents list short sales that 10 of the 32 active short sales are also have contracts. I hope this is helpful.