Posted by: Todd Long | February 5, 2009

Home showings are up in our market

I heard rumors around the office in January that the phone were busier and buyers were beginning to become active again.  I also noticed a rise in pendings for the office in January which should be a sign that buyers are becoming active again.  Well, it’s true! 

I just pulled showing statistics for December 2008 vs January 2009,  from $150,000-$400,000, for the market area around Mooresville.  As you probably know from previous post I consider our Century 21 Hecht Realty Mooresville office market area to be I-40 in Statesville to the Huntersville area and Sherrills Ford to the Rowan County line.  This takes in the towns of Huntersville, Davidson, Cornelius, Mooresville, Troutman and Statesville.  I look at $150k-$400k because that is the price range that has been seeing the most activity for over a year. 

CSS December 2008 Showings

CSS December 2008 Showings

 In December properties in this price range were seeing an average of 2.4 showings per month with a total of 406 showings per week.  In January we saw an average of 3.3 showings per month with a total of 627 per week.  Obviously we are still not back to 2004-2005 levels but we can’t expect to be there for a long time to come.  The important thing to take away from this data is if you have a house on the market and you are not beating the average of 3.3 showings per month then you most likely have a pricing issue.  Agents and buyers are looking at your property online and are choosing to go see your competition instead of your home because they are seeing better value for their money.  A typical buyer looks at 8-10 homes before they make a  decision to buy.  If you 20-25 on their list for the value as they shop online, they will never walk through the front door.  The market it to broad with option to be loose with your price.

CSS Showings for January 2009

CSS Showings for January 2009

Disclaimer: Information provided by Centralized Showing Service is deemed to be reliable but not guaranteed.
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