Yet again we strive towards an increase in sales. Currently we are only 8.5% behind our Year-to-Date transactions compared to 2007. This continues to show an increase in our markets response to our recession. This past week, I attended an Economic Summit where several top economists gave their thumbs up to our recent real estate market growth. We continue to see large indicators that point to a growing market, no matter what this year's elections has in store for us.
Also, you will notice a new addition to our Market Update. We have added two great features to our data fields. First, we added information regarding New Construction and how it fares in our market. Also, and more importantly, we have added a probability % that offers a glimpse into the probability of selling your property against the current active inventory. That is not to suggest that more inventory will not come onto the market (which of course it will) or does it suggest that your property is above or below average for our market. It is simply another way to gauge what is going on across the spectrum of our market. Numerous top agents stop using DOM-Days On Market (years ago), when they realized this data was a best inaccurate and most likely misleading to the public. With the number of properties that are re-listed in our MLS system, there is not an accurate of counting the actual Days On Market. It is a dysfunction of our MLS system, but one that is not very accurate anyway.
**For a copy of the most recent Market Update (Market Absorption Rate 2012-08-06) please don't hesitate to call or email me at anytime.
Marc White
Marketing Specialist, ABR, ePro, GREEN, GRI, zPro
Broker in Charge, Cash Realty & Construction
Call/Text 828-406-2134
Search 1,000s of Homes Instantly at www.MarcWhiteHomes.com
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