Good news on the real estate front! We are seeing multiple offers on listings. Primarily on homes priced at or below $225,000. There are so many short sale and foreclosure listings on the market that a "regular" sale is a beautiful thing! Realtors and Buyers alike prefer to work with a "regular" seller vs. an institution or lien-holder.
One of our recent listings was priced at $200,000 and we received 10 offers! Another was priced at $255,000 and we received 2 offers and sold the home at full price with no concessions!
As we move into the summer months we hope to see an increase in buyer activity. So far, we haven't seen the prices increase, however we have seen the days on market (DOM) go down.
