Sales Drop , So does surplus

I was reading a article the other day in a local newspaper about real estate in central Ohio. It said ‘Home sales down 14% in July’.

It seemed quite disturbing to see a sentence like that in the newspaper. So I did a little bit of research when I came back to the office. Its true that sales were down 14% in July of this year as compared to last. One of the good points about this most resent month was the fact that we didn’t have 10-30% more houses listed than last year. While on one hand its unfortunate to see sales decline by 14% over last July , it is nice to see the high surplus we have been experiencing go down a bit.

Of course , its still very much a buyer’s market out there, and in order to get a home sold ,you still definitely need to be aggressive to successfully sell. With interest rates fairly low, it’ll be interesting to see how the rest of the year pans out in home sales. As for me , I have no complaints about the current market