Comparing 2006 with 2005, number of homes sold decreased by 18%; average selling prices decreased by only 4%; and there are now approximately 6-months inventory compared to 3-months inventory year before.
Sellers are advised to have a completely different set of strategies to sell their homes in a timely manner and buyers are advised to buy now because it is not going to be better for them.
Monday, February 12, 2007
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