Buyers Have More Choices
Tuesday, May 1st, 2007For sellers, the current market can prove frustrating if they find themselves unwilling to negotiate. A refusal or inability to lower your sale price to reflect market demand can result in your house being passed up by potential buyers. When experts say that this is a buyers market in a majority of the metropolitan markets across the U.S., they aren’t exaggerating. For those looking to buy a house, they can experience a potential smorgasbord of opportunity.
A recent Wall Street Journal quarterly survey of residential real estate in major metropolitan areas found large jumps from a year ago in listings of homes in Florida. Orlando and Tampa were both up 62%, closely followed by Miami at 58% and Jacksonville at 49%. Other cities noted by WSJ as having big increases in listings include Phoenix up 36% from a year ago, Chicago at 44%, Los Angeles at 54% and Las Vegas at 30%.
So, if you are buyer looking for a new house, you have a great opportunity to find the right home for just the right price.
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