May 26 2009
Are things slowing or less to choose from?
It's hard to say. The right locations and right prices are going to sell regardless of economics and market woes. The higher-end homes are taking longer to sell. There is just less demand for $1M+ properties, and 3 to 4 months ion the market even in prime locations seems to be a fair expectation.
It's not unusual to see a slow in the rental market and real estate market around tax day, graduation season, back-to-school season, and then the holidays. Basically every three months then you'll see a wax and wane regardless of the economy.
In lower-priced markets I've seen fewer new listings this month. Some feel there will be a new wave in June of short sales and REOs. It makes sense that there may be peaks every 90 days based on the foreclosure process.
