Moving into a Seller's Market

We have had our share of difficult times trying to sell real estate in Henry County.  Don't believe me?  Take a look at the following picture:

Months of Invwentory for Henry County, all prices

The graph above shows the Henry County Trends over the past 15 months. It sure wasn't fun between November 2010 and March 2011.  But thankfully, we are now in an even market for the most part.

Contrast the County as a whole with homes priced below $100,000.

Months of Invwentory for Henry County, $100,000 and below

The above chart shows the trend for homes priced below $100,000.  Although, the stats were not as bad for sellers from November 2010 to February 2011 in this price point as they were for the County, overall, it was still a buyer's market. 

Starting in March of last year, we have definitely been in a seller's market.  That means that buyers are going to have to act quickly and decisively when they see a house they like.

Is the market turning around overall?  Hard to say.  A lot will depend on forces beyond our control, such as, how much of the shadow inventory will be released into the market; whether interest rates remain low; whether more banks fail, etc.

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