Predictions for 2012: fewer listings and more sales

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Here's to a great 2012. Have a great day!

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  • January 15 2012 - Madison
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Answers (8)

I'm with you.  I'm on already on pace to do better than 2011 by May (a few short sales need to get approved to do this).  Showing activity picked up right after Christmas. 
  • January 15 2012
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12.6.11- January inventory will be the lowest in 7 years!!! 8,800- TOTAL "ER" Inventory 1,545- REO LIstings 427 REOs above $150K
  • January 15 2012
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We are seeing an increase in our business, even though we are in the middle of winter in Northeast, OH.  For some price points, there is currently a shortage of homes for sale. I think 2012 will be an interesting year!
  • January 15 2012
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  • January 15 2012
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I believe you are correct for our Louisville,KY market. Seeing buyer activity increase in January. Listings flat to down.
  • January 15 2012
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I do think it will be a solid year.  I predict same amount listings and more sales.
  • January 16 2012
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Why should we believe you this time when ...

NAR revises home sales downward going back to 2007!

It difficult to take the agents euphoria as little more than optimistic exuberance - I need sales to pick up so lets create some hype.
 
  • January 16 2012
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Locally I'm seeing a reduction in the re-listing of overpriced properties.  I'm not sure how that changes the market, they weren't going to sell at the listed price anyway, and after 3+ years of listing them on and off they aren't going to reduce their price unless they let them go into foreclosure and the banks sells them. 

Unless there is a reduction of current market priced listings either by individuals or by the banks, what effect are we going to see?
  • January 16 2012
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