Inventory

Each day I download listings to my palm pilot. Last July I had to restrict the search because it exceeded the limit of 7500 listings. Today I had to restrict it again. It pulled 8300 listings for my selected criteria.

According to the Newest information, new Listings are up 14.2% and closed sales are down 23.9%. The current home inventory is almost equal to February 2004. This is a Buyer’s Market and many Seller’s are realizing it.

I have an automatic program to send out new listings. I send myself those listings as well to stay up to date. There have been a large increases in price reductions of over $10,000, which is very drastic. I have even seen $15,000 reductions fro a homes under $275,000.