South Bay Real Estate Blog

Thursday, May 04, 2006

Back to a "Normal" Market

One of the activities we do for our clients is read all new listings and send appropriate ones to our clients. Some are looking for a "fix and flip," while some are looking for a home in particular neighborhood, for example.

As we do this, we're seeing a lot more of the language we used to see before the most recent and long-lasting raging seller's market. We're seeing phrases like, "seller wants to see offers," and "motivated seller," for example (but not in our marketing, of course, because those phrases help the buyer negotiate from more strength than necessary).

Prices are still going up in the South Bay, but inventory is increasing - about 2.5 months to sell a home these days, and less experienced agents are writing words like "seller will consider all offers" instead of calling all the shots by saying, "seller will review all offers on [insert date and time here]" like we saw up until just a few months ago.

To have market statistics emailed to you each month, please send an email to Laurie@SouthBayHomeTeam.com and please indicate the particular area(s) you are interested in. We compile many South Bay cities on a monthly basis and would be happy to share this information with you if you don't want to take the time to do it yourself.

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