Home buyers less willing to compromise in slow market

If property lacks sought-after features, sellers advised to cut price

Inman News

Even though the home-sale market is slow, some listings sell quickly. Others don't. What accounts for the difference?

The volume of homes sold is down as much as 20 percent or more in some areas compared to a year ago. Concurrently, the listing inventory has increased 40 percent or more in some markets. The odds of having a quick sale decrease when lower sales volume is combined with more listings of homes for sale.

more...

To continue reading sign in to your Premium Membership Premium Member account.

Premium Membership Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95