I wanted to post this up, here recently I’ve been running into a great problem with finding buyers homes.
Usually there’s always 10-15 properties that fit the bill for my buyer, I’ve been curious because of the lower number of properties I’ve been able to find. We’ve also had a great reduction in total available foreclosures for buyers.
There are a total of 341 Single family properties (Condos incldued) for sale, with a total of 55 properties under contract, this leads us to a 16.1% current pending rate. This is great news for sellers as in a situation like this, the average appreciation usually goes up due to fewer homes available to buyers. Many times this will end in properties with multiple offers, which usually increases final sales prices.
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