Sales absorption has not risen and now we are hitting the seasonal cycle, Q2, where inventory and sales traditionally increase. So far only inventory has increased and that is a bad sign for over pricing on the market place.
FSBO sellers will need to utilize that 6% cushion they have to be more aggressive in their pricing if they want to garner deals. If they don't they will go the way of broker listings or FSBO listings that aren't being accepted by the public.
It isn't a matter of exposure - it is a matter of price.
Thursday, February 12, 2009
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