March 02, 2006

Rising Home Inventory Good News for Buyers

According to the National Association of Realtors® senior forecast economist Lawrence Yun, there are roughly 30 percent more homes for sale on the market now than this time last year. Yun predicts the higher volumn of inventory to continue through the year and market conditions to move away from the frenzied pace of 2005 into a more healthy level of activity. This means that home buyers will have more choices in 2006.

My friend Allyson Hoffman with RE/MAX North in Northbrook Illinois, was recently quoted by Inman News as saying she is 'definitely seeing a trend in growing inventory, longer marketing times and more price reductions'.

I can only say 'Ditto That' for Eastern Connecticut.

Topic Tags: Market Conditions

by Linda Davis, RE/MAX Realty Group

Email Me | Search for Homes |

Email to a Friend | 860-464-0443

↑top

link to this

Post a Comment

Title:

Summary:

Comment:

Links:

Your info:

Name:		Required; will be displayed with comment.
E-mail:		Required (in case we need to contact you); will NOT be displayed with comment.
Web:		Optional; will use to hyperlink your name in the comment.
Twitter:		Optional; allows visitors to follow you on Twitter.
Save this in my browser

Verification:

Type the characters you see in the picture above.

Letters are case sensitive.

Notice: Your thoughtful opinions are valued and encouraged, but all comments are moderated so there will be a delay between the time you post your comment and when it appears in this site. Please don't be offended if your comment is edited for clarity or to avoid questionable matters. Offensive or off-topic comments will be deleted.