Home buyers less willing to compromise in slow market
If property lacks sought-after features, sellers advised to cut price
By Dian Hymer, Sunday, September 30, 2007.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.
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