Thursday, April 23, 2015

Inventory Envy

When the year started we had many clients feeling a bit elated! Why? They felt like they were seeing more inventory, more emails being fired off by StreetEasy to their in-boxes. More open houses to view on Sunday. It seemed like exciting times, perhaps buyers would get a little breathing room. 

I also must say I felt like we were seeing some light at the end of the tunnel. The first half of 2014 was brutal, maybe 20% of the offers we submitted got to contract. This year it's been a much different story, with maybe 40%-50% of our offers getting to contract. What is also exciting is we are witnessing many more buyers that we have been with for a while getting offers accepted. Patience is key in this market. The universe will grant you a home......eventually!

All that said it appears the data is telling us a different story. Inventory is at record lows. Perhaps we are just having better luck, the great karmic wheel is spinning in our favor for this latest cycle!?

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