Prudential Verani Web Stats for November 2008

Our November Web advertising stats are available below.
The tables below show that our stats are down from last year, which is no surprise, but, it is interesting that we are showing more properties this November than we did in 07 and 06. With the Holidays fast approaching we are still seeing activity. It seems buyers are looking for a great buy. Home prices are still declining and with more homes coming off the market due to the holidays it would seem that buyers won’t have as much to choose from.

A lot of bank owned homes are priced well below their competition and although a bunch of them still need a lot of work, buyers seem to be willing to make the necessary repairs to purchase these homes at a lot lower price.

There are three reasons why a home will not sell.

1. Location

2. Condition

3. Price

If your home is in a great location and in great condition then it leaves only one reason why it won’t sell.

Price…

In this case you should lower the price to generate more activity. With the internet and all the information at the buyers fingertips buyers are more picky during these times.

It is a buyer’s market