Sellers Sing the Blues
Diana Heeb Bivona
USA Today has a full-spread article on the transformation of the real estate market. Gone are the days when sellers set their prices at or above the market, watched the offers roll in, and picked the ripest one. Instead, its the buyers doing the pickin’ and they have quite a selection.
In some parts of the country, like Las Vegas, there is a 12 month supply of homes sitting on the market, just waiting to sell. Miami seems to have the worse with a 14.6 months supply. San Francisco is currently only showing a 4.4 month supply.
Throw in incentives galore, and buyers have some great opportunities to secure the home of their dreams. Sellers, on the other hand, may find themselves singing the Blues for some time to come.
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