Where have all the sellers gone?!

Monday, July 21st, 2008

At this morning’s team meeting, we were talking about the lack of listings on the market, especially in Northwest Denver.  It seems like we have seen everything that’s out there, and we have buyers that are looking, even in the higher price ranges, but there really isn’t a surplus of inventory.

Why is that?  Is it because homeowners have read the news just like everyone else, that keeps telling us that the market is down, prices are down, and you should hold it if you’ve got it?  Because those property owners should be looking to move up the property ladder now, if this is true!  The market is very active in our neck of the woods, and we have buyers walk in the door everyday.  I know that I would love to have a bunch of new listings to show them! 

So, if you’re sitting on a property but you’re thinking it’s a bad time to sell, that might not be entirely true - because poptential buyers are reading the same news that you are - that this is a great time to buy, that prices are down, that inventory is high - and they are looking to purchase their next home - which could be yours.

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