| On average, the length of time required
| |
| | exclusive member agent in Virginia Beach
|
| from real estate listing to contract has
| |
| | and Norfolk, VA, area: "During the past
|
| increased dramatically in the U.S. in the
| |
| | few weeks we have seen a softening of the
|
| past six months, according to HouseHunt's
| |
| | market, with fewer multiple home offers
|
| latest national "Current Market
| |
| | and buyers negotiating for closing cost
|
| Conditions" homes for sale activity
| |
| | assistance." He noted that the area has
|
| survey. Seventy-five percent of
| |
| | seen tremendous growth in prices and in
|
| respondents said it is now taking more
| |
| | units sold. Median home price is
|
| than 30 days. Of that figure, 30% said it
| |
| | $230,000, up 15-20% in the past year.
|
| is taking more than 60 days.
| |
| | - Rod Sullivan of GMAC Metro Brokers,
|
| Three months ago, 52% of survey
| |
| | exclusive member agent for Lithonia, GA,
|
| respondents said the average time on the
| |
| | reports more sellers than buyers with a
|
| market required for a home to sell was
| |
| | good supply of unsold homes. Average time
|
| more than 30 days on the real estate
| |
| | on the market is 90-120 days. "Our
|
| market. Six months ago, only 35% said it
| |
| | greatest activity is from first-time
|
| was taking more than 30 days as buyer
| |
| | buyers. Median home price is $150,000.
|
| frenzy continued unabated.
| |
| | Sellers are getting 95-100% of asking
|
| "Current Market Conditions" 4th quarter
| |
| | prices."
|
| survey also found:
| |
| | - Steve Gaines of CENTURY 21 Landtree and
|
| Home sales prices remain firm.
| |
| | exclusive member agent in Greenwood, IN,
|
| Currently, 82% say they are getting 95%
| |
| | reports more sellers than buyers and a
|
| or more of asking home prices. This
| |
| | good supply of unsold homes. "Average
|
| compares with 80% in the third quarter
| |
| | time on the market is 90-120 days," he
|
| and 90% in the second quarter of 2005.
| |
| | said. Median home price is $175,000.
|
| Solid appreciation. One-half of all
| |
| | - Diane Ash of Weichert Realtors and
|
| respondents report home price
| |
| | exclusive member agent in Middletown, DE,
|
| appreciation of 10% or more in the fourth
| |
| | said lower property taxes are attracting
|
| quarter, year-to-year. This compares with
| |
| | buyers from New York, New Jersey and
|
| 46% in the third quarter and 42% in the
| |
| | Pennsylvania. Median home price is
|
| second quarter.
| |
| | $300,000. Average time on the market is
|
| Multiple offers down. Currently, only
| |
| | 30-60 days.
|
| 50% of respondents report multiple
| |
| | - Tim Ireland of Coldwell Banker
|
| offers. This is down from 70% in the
| |
| | Honig-Bell and exclusive member agent in
|
| second and third quarters of this year.
| |
| | Mokena, IL, said sellers and buyers are
|
| Buyers-sellers demand nearly equal. A
| |
| | about 50-50. Average time on the market
|
| more balanced real estate market between
| |
| | is 60-90 days. Median price is $261,190
|
| buyers and sellers demand has emerged in
| |
| | with a good supply of unsold homes.
|
| many parts of the country. This compares
| |
| | - Leah and Neville Bradshaw of Long &
|
| with a 61-39% buyer ratio in the third
| |
| | Foster Old Town/Historic,, exclusive
|
| quarter.
| |
| | member agents in Lorton, VA, reported
|
| First-time buyers. Currently at 35%,
| |
| | more sellers than buyers and a median
|
| this percentage has stayed about the same
| |
| | home price of $543,000, up 10-15% over
|
| for the last six-nine months despite
| |
| | last year. Even though sellers frequently
|
| price and appreciation spikes on the East
| |
| | get more than 100% of asking prices, they
|
| and West coasts and in Florida, Phoenix
| |
| | said that first-time buyers are very
|
| and Las Vegas. Greatest first-time buyer
| |
| | active.
|
| activity continues to be in the South and
| |
| | - Dan Urbach of Prudential California and
|
| Midwest. Repeat and move-up buyer
| |
| | exclusive member agent in Pacific
|
| activity remains strong. Investor and
| |
| | Palisades, CA, said his market is
|
| second-home demand has slowed.
| |
| | settling down from a very hot seller's
|
| Inventory of unsold homes growing.
| |
| | market to a more balanced market. Median
|
| Sixty-five percent said the trend is up
| |
| | price home is $2 million, up 15-20% over
|
| in local real estate markets. Fifty-five
| |
| | a year ago. Average time on the market is
|
| percent report a good supply in all price
| |
| | 30-60 days.
|
| ranges. Only 38% reported a good supply
| |
| | Monte Helme is a national public
|
| six months ago.
| |
| | relations consultant with HouseHunt, Inc.
|
| Market Growth. Overwhelmingly, survey
| |
| | Previously, he was vice president of
|
| respondents said job and population
| |
| | public relations and publications for
|
| growth continues to fuel housing demand
| |
| | Century 21 Real Estate Corp.; vice
|
| in local markets.
| |
| | president of communications for AmeriNet
|
| "Our latest random survey findings are
| |
| | Financial Services (now LendingTree);
|
| consistent with both nationwide housing
| |
| | assistant city editor/Orange County for
|
| sales data and forecasts of top
| |
| | the Los Angeles Times; executive sports
|
| industry economists," said Michael
| |
| | editor of the Rockford, IL, Morning Star
|
| Bearden, President and CEO of HouseHunt,
| |
| | and Register-Republic; and reporter for
|
| Inc. "Our strong economy and consumer
| |
| | the Dixon, IL, Evening-Telegraph. Find
|
| demand made record homes for sale
| |
| | real estate, homes for sale through
|
| possible in 2005 despite destructive
| |
| | public MLS and check what my home is
|
| hurricanes, rising mortgage interest
| |
| | worth by visiting websites:
|
| rates and higher energy costs. We're
| |
| | HouseHunt.com, moveUp.com, and
|
| optimistic that a sustainable, more
| |
| | SuperMLS.com, powered by HouseHunt, Inc.
|
| balanced housing market will be the
| |
| | For additional information on HouseHunt,
|
| cornerstone of the U.S. economy in 2006."
| |
| | Inc., and the products and services it
|
| A sampling of individual survey results:
| |
| | provides, please visit the corporate
|
| - Clint Johnson of Rose & Womble and
| |
| | website.
|
