Conflicting Real Estate Market Indicators


Conflicting Real Estate Market Indicators
March 29, 2010 Filed In: analysis, buying, market, selling, transparency, web site
Explain this.... The number of properties viewed online (on our company site and all of our company's agent sites) has increased dramatically over the past year. Thus, it seems that more buyers are hunting for homes. But when we compare the number of closings in the first 28 days of last March and this March, we see a rather significant decline. What is going on here? Will the last three days of March this year be much more exciting (in terms of closings) than the last three days of March 2009? Are a smaller percentage of potential buyers deciding to actually buy as compared to last year? Are our web sites simply more popular than they were last year, and a higher percentage of buyers are using our sites now? What are your theories?
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Sep 10, 2010 (unless otherwise noted).
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@cbfunkhouser.com
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Close Comments 4 Comments so far . . . Karen: I think it is related to the number of homeowners checking the sale prices of homes near their own to get a clearer idea of their home resale value, especially with the recent assessments in (at least) Rockingham County. March 29, 2010 6:09 am Scott Rogers: Karen: Very interesting observation! I agree, plenty of the web traffic these days may be homeowners, potential sellers, and current sellers! March 29, 2010 10:18 am April: We would fall under your second hypothesis as potential buyers. We check your online listings everyday, but we have been very disappointed with this market. It has been a challenge for us to find a single-family home that meets our criteria within our budget. We were hoping to take advantage of the home buyer tax credit, but we are unwilling to compromise on our priorities or live beyond our means! March 29, 2010 12:02 pm Scott Rogers: April: I encourage you to stick with your priorities and to continue to live within your means. If you would, e-mail me (scott@HarrisonburgHousingToday.com) with what you're looking for, and I'll try to see what I can find by going through the MLS. Thanks,Scott March 29, 2010 4:42 pm Add A Comment: Name (required) E-mail (required, not published) Website Prove you're not a comment-spammer . . .