Latest Home Sales Statistics

Today, the National Association of Realtors and the local board of Realtors published the latest numbers for the area.

An example of what was published is shown below:

Zip Code:33558

Average Price:$423,700

Price Change:-5.49%

Total # Homes Sold (Quarter):43

% Change in # homes sold:-34.85%

Average Days on Market:67

% of Asking Price:96.2%

If you would like to know the statistics for your zip code, call or email me and I will look it up for you.

In the same report, they have declared that the market for Hillsborough County is a Buyer's Market.  No surprise there!

On a scale of 1 to 5, with 1 being a buyer's market and a 5 being a seller's market, they have placed the Hillsborough County market at a 1.  My interpretation is that this means we are in a full fledged buyer's market!  What do you think?

re: Latest Home Sales Statistics

Most sellers that I have come into contact with still thinks it's a sellers market and aren't willing to budge on price much, Kinda makes it hard to negotiate when  the seller is BULLHEADED!

re: Latest Home Sales Statistics

Tyji;

If you view your potential seller as BULLHEADED, then it may be difficult to empathize with them and help them to understand that the market has changed and their price is no longer acceptable.

If you do your homework and show them facts about the current market and they still do not lower their price, then you have to be willing as a conscientious agent, to let them know that you would rather lose the listing than list it at a price that will not sell.  Otherwise, you will be put in a no-win situation.  Either you will be spending money to market a home you know will not sell, or you will not be spending the money to market the home.  Either way, the sellers are not going to be happy.