Thursday, December 6, 2007

Market Update

This is a casual blog about the market. I was speaking with another agent yesterday and we were discussing how bad it is right now. Both of us seem to be racking up listings but neither of us are selling anything. I do have 2 closings this month though. She said Wake County sales are down 1/3 in November. Ouch! I can tell its slow when there are no showings on ANY of my listings and NO calls. Every now and then I'll get a call but the person doesn't seem to be serious. Its been really frustrating. If I needed to sell right now, I'd personally underprice my house slightly to see how much traffic I'd generate. New construction seems slower but still better than resale. Builder's can afford to offer better incentives and those houses are easier to show. I guess we just need to wait it out and pray.