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Old 01-25-2008, 08:30 AM
 
31 posts, read 102,055 times
Reputation: 26

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I know the market is slow, but are people looking at your property?
Thanks.
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Old 01-25-2008, 08:58 AM
 
Location: Happiness is found inside your smile :)
3,176 posts, read 14,713,718 times
Reputation: 1318
Our next door neighbors have had their house on Sale since August. No bites
Originally it was up for 540K, then reduced to 515K now it's 499K
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Old 01-25-2008, 09:10 AM
 
157 posts, read 446,541 times
Reputation: 79
We've had our house on the market since Sept. We've probably had 6 groups through since then. We had one lowball offer. We countered but they weren't too serious.

I don't think that we've had anyone in since 12/15! Scary! Our house is vacant - we've moved to TX from ID so it's hard to really know what's going on. I know that the weather has been TERRIBLE.

We are planning on dropping our price closer to spring.
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Old 01-25-2008, 10:08 AM
 
Location: South Austin (Circle C)
260 posts, read 1,332,473 times
Reputation: 62
It depends on where you are as to how slow the market is. Here in Austin it's still a sellers market with home prices appreciating. The average days on market is about 37 and there is only about a two months supply of homes.
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Old 01-25-2008, 10:14 AM
 
Location: Snohomish Washington
336 posts, read 865,036 times
Reputation: 147
Yes Our home is on the Market. We are in Southwest Washington just south of Portland Oregon. Our home has been on the market since the beginning of November and not one looker. So hopefully something soon.......
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Old 01-25-2008, 10:14 AM
 
Location: Irvine, CA to Keller, TX
4,829 posts, read 6,938,903 times
Reputation: 844
Quote:
Originally Posted by Derek ATX View Post
It depends on where you are as to how slow the market is. Here in Austin it's still a sellers market with home prices appreciating. The average days on market is about 37 and there is only about a two months supply of homes.
We live in Fort Worth, TX and the home/model we bought in November 07 has just been priced $8,000 higher (base price) so things in TX appear to be just fine for now.
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Old 01-25-2008, 10:39 AM
 
51 posts, read 161,565 times
Reputation: 31
We've been for sale in Wisconsin for a month with no lookers...and we priced it lower than comps in the neighborhood.
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Old 01-25-2008, 11:11 AM
 
123 posts, read 97,190 times
Reputation: 42
Quote:
Originally Posted by Derek ATX View Post
It depends on where you are as to how slow the market is. Here in Austin it's still a sellers market with home prices appreciating. The average days on market is about 37 and there is only about a two months supply of homes.
Huh?

Austin has decreasing inventory over the past 6 months, but mostly because the prices have dropped 3.3%.

Also, the affordability numbers are inching up, meaning that affordability is increasingly a concern. That will continue to put pressure on prices.

Austin, like Raleigh, is late to the housing correction party.

HousingTracker.net: Home Affordability Measures for Austin, Texas
HousingTracker.net: Median Home Asking Price & Inventory Data for Austin, Texas
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Old 01-25-2008, 11:28 AM
 
Location: South Austin (Circle C)
260 posts, read 1,332,473 times
Reputation: 62
Quote:
Originally Posted by Shazam72 View Post
Huh?

Austin has decreasing inventory over the past 6 months, but mostly because the prices have dropped 3.3%.

Also, the affordability numbers are inching up, meaning that affordability is increasingly a concern. That will continue to put pressure on prices.

Austin, like Raleigh, is late to the housing correction party.

HousingTracker.net: Home Affordability Measures for Austin, Texas
HousingTracker.net: Median Home Asking Price & Inventory Data for Austin, Texas
Shazam,

In a sense you are correct. One thing you have to remember is the Austin MLS area is VERY large and encompasses outlining rural areas that are over an hour away from the city limits. If you break down the stats to only include the Austin metro area and within 45 minutes of town and not the rural outlining areas (which are hurting) you will see that the area is still appreciating and still a sellers market.
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Old 01-25-2008, 12:23 PM
 
Location: California
3,432 posts, read 2,956,438 times
Reputation: 138
In some new communities, there have been homes in which no one has lived in and been on the market for quite some time.
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