Are You on the Fence? It's Time to Jump Off !

Vicki Aubry, Realtor, ABR Mobile: 508-868-3625 Voicemail Pager: 508-365-4060 Email: Vicki.Aubry@NEMoves.com Website: www.VickiAubry.com The climate seems to be changing - literally and figuratively: this past Sunday I did two Open Houses. In the recent past I've averaged anywhere from two to five visitors yet this past Sunday I had one property with 10 visitors and the other had 13 visitors. One property had a price change that put it under $300,000 and the other was a new listing for me that was on with someone else before and had not sold. Of course the sellers decided to adjust the price, which was needed, but the important thing was that buyers responded!

Could it be that buyers are beginning to understand

" that sellers have made major adjustments to pricing and that much of the current housing inventory is now priced well enough to sell? (Or has already sold?)

Could it be that with all the huge doom and gloom articles and media coverage buyers are now starting to pay attention to the occasional upbeat articles usually hidden on the back page in small print?

Could it be that confi- dence is being restored? Buyers that could have qualified for mortgages that then got locked out will hopefully be able to go forward with their home buying plans as Congress works out the kinks to ease credit and hopefully the mortgage industry will return to a new normal in the next few weeks and months.

Additionally, now that we are seeing shrinking inventory in some towns, especially in some price ranges, those buyers that were not paying attention to their agents have lost a few homes in multiple-off er situations recently. Perhaps that news is getting around! In my office one agent had a buyer lose not one, not two, but three homes to multiple off er situations.

In reviewing our "Absorption Rate Charts" in our office , whic h I us e a s a guide to help both my buyers and sellers, the last one available to me shows the following for single-family homes:

In Shrewsbury between $400,000 and $449,000 there is currently a 3.48-month supply of inventory and between $450,000 and $499,000 there is a 4.44-month supply of inventory and in the $600,000 to $649,000 range there is only a 2.77-month supply.

The town currently has a 7.97-month supply, so you can see there is a huge difference!

In Westborough between $550,000 and $599,000 there is a 3-month supply and between $600,000 and $649,000 there is a 4-month supply although the town has a total of an 8.1-month supply.

In Southborough, between $500,000 and $549,000 there is a 4-month supply and virtually no inventory in the $550,000 to $599,000 price range. In the $800,000 to $849,000 range there is but a 2.4-month supply although the town total reflects a 9.47-month supply!

In Northborough between $400,000 and $449,000 there is a 3.43-month supply although the town has a 9.72-month supply.

Wow! If I had a home in one of those towns in one of those price ranges, why would I wait to sell in the spring when I could sell it right now, probably very close to asking! Then, I could take advantage of great rates and pricing on my buying end - whether local, or, perhaps in Florida, Texas or California!

If you are on the fence, it's time to jump off . Give me a call so I can help you land in the right direction! You may never get this opportunity again!