Buyers are Relaxed, Seller are Nervous
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Each weekend, I hold at least one Open House. As the weeks have progressed, Buyers at my opens seem much more relaxed about their searching; they know there’s a lot of houses for sale and they know that the houses that are for sale probably will still be for sale next week, or the week after.While Buyers are calm, Sellers are a little more tense. Showings are continuing to drop off, and Open House activity is going down as well. In addition, more and more Sellers are reducing their asking price, which puts added pressure on other sellers to follow suit. Between Thanksgiving and Superbowl Sunday has historically been the hardest time for Sellers, but the best opportunity for Buyers. Based on what I am seeing in the market now, that appears to hold true again this year.
Posted by Aaron Dickinson - Edina Realty on 11-05-2005 at 06:11 pm
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