Our area inventory in Central Florida seems to be leveling off. In Seminole County the inventory has increased by a few hundred homes and may even off as the end of the month approaches. The current inventory of available homes in Lake Mary has decreased and the sales are in line with the same number that we had in October.
I've been looking at a lot of homes in Lake Mary over the past few days for a buyer who is moving from out of the area. After talking to several REALTORS® it is become clear that many of the homes "on the market" are really not listings at all.
The current real estate market conditions really should have weeded out these wannabee sellers by now. If you can answer YES to any of the following... YOU MIGHT NOT BE A REAL SELLER.
- You can't accommodate a showing with 24 hours notice... YOU MIGHT NOT BE A REAL SELLER.
- Your house is so jamb packed with personally belongings and you haven't reduced the clutter because "this is how you live" means... YOU MIGHT NOT BE A REAL SELLER.
- Your sales price is based on how much money you need to sell your house for so that you can buy your dream home... YOU MIGHT NO BE A REAL SELLER.
While playing my favorite board game on Thanksgiving Day... I asked my husband... "Imagine if there were only listings of homes that really had to sell and the people that just wanted to sell took their homes off the market" He just smiled and laughed at me. A girl can dream can't she?
Imagine how that would affect supply and demand, the decline in values... I know that it wouldn't fix the current mortgage crunch, but it would be a great start to getting the market back on track.
Imaginiff.
I agree with your assessment about some sellers not being real sellers. They are, as I like to put it, just somebody with a sign in the yard.
Elizabeth
Thank you for your comment. A couple of months ago we started declining listings that were "realistic" about their pricing. I amazed to see those listings come on the market at prices that have no basis in reality.