forget all the bad press, here is the skinny:
The National Association of Realtors reports "increased 2.0 percent to a seasonally adjusted annual rate 1 of 4.99 million units in May from a level of 4.89 million in April." (http://www.realtor.org/press_room/news_releases/2008/may_home_sales_show_gain)
What does this mean to you? It means the buyers are coming back into the process, and taking some of that inventory off the market. Buyers are feeling like they are getting "good deals" on everything from the terms of the sale- such as their interest rate to the purchase price of the home, and the sellers are satisfied with their sales prices and the amount of "action" they are receiving on their property. It is becoming a balanced market again!
These are existing home sales, meaning not new construction.
If a seller takes advantage of the current trend in rising home sales by doing things to help their home stand out, such as staging, curb appeal, etc... they stand a better chance of getting a better sales price and less market time on their home now more than any time so far in 2008.
Get into the game at just the right time! List you home now!
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