Sellers Having To Cut Less, Could The Tide Be Turning?
December 11th, 2009 categories: For Buyers, For Sellers
The Honolulu Advertiser had an article earlier in the week that said Trulia.com’s recent report showed Honolulu sellers were making fewer price reductions than many other parts of the country.
“The firm reported price reductions are becoming less commonplace across the country, with Honolulu being among the leaders in less price cuts. It said between June and December the number of listings having recorded at least one price cut fell by 23 percent.”
CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Hind sight will be 20/20, however, I am starting to sense that the window of opportunity for finding good low priced buys in core Honolulu homes and condos is closing or has already closed. Whether inventory will remain low after the first of the year is yet to be seen, but if it does not rise, buyers that did not buy in 2009 may look back at the year as an opportunity missed.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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