One Month, Ten Showings, No Offers

As I shared with you nearly a month ago, I put my home on the market. And as promised, I am offering my personal perspective of the “real estate crisis” as I try to sell my home in a buyers’ market. We’ve had lots of interest and quite a few showings. The feedback has been great. In four occasions it has come down to a choice between our house and another. So far the other guy has won.

But according to the National Association of Realtors, there are a lot of things that are not working in my favor. Check out these statistics just released:

- In March, existing-home sales were down 2.0 percent
- The national median existing-home price for all housing types was $200,700 in March, down 7.7 percent from a year ago when the median was $217,400.
- Total housing inventory rose 1.0 percent at the end of March percent to 4.06 million existing homes available for sale.
- In the South (where I live), existing-home sales fell 3.5 percent to an annual rate of 1.92 million in March and are 20.0 percent below March 2007.
- The median price in the South was $167,200, down 7.1 percent from a year ago.

But there is some good news. Last night we had a potential buyer come back for a second look. We’re told they’re deciding between our house and another. Hopefully this time we’ll come out on top.


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Posted Tuesday, April 22nd, 2008 at 7:47 pm Comments 0
Filed Under Category: Real Estate
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