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Pending Home Sales Down in December but Remain on Uptrend Pro Players Realty USA

 

Pending Tallahassee home sales declined in December but have stayed above year-ago levels for 20 consecutive months, according to the National Association of Realtors®.

The Pending Tallahassee Home Sales Index,* a forward-looking indicator based on contract signings, fell 4.3 percent to 101.7 in December from 106.3 in November but is 6.9 percent higher than December 2011 when it was 95.1. The data reflect contracts but not closings.

Lawrence Yun , NAR chief economist, said there is an uneven uptrend. “The supply limitation appears to be the main factor holding back contract signings in the past month. Still, contract activity has risen for 20 straight months on a year-over-year basis,” he said. “Buyer interest remains solid, as evidenced by a separate Realtor® survey which shows that buyer foot traffic is easily outpacing seller traffic.”

Yun said shortages of available inventory are limiting sales in some areas. “Supplies of homes costing less than $100,000 are tight in much of the country, especially in the West, so first-time buyers have fewer options,” he said. “We expect a seasonal rise of inventory in the spring to help, but a seller’s market may be developing. Much of the West is already a seller’s market for homes priced under a million dollars, but conditions are much more balanced in the Northeast.”

Even with tighter inventory, a pent-up demand and favorable affordability conditions bode well for the market. Yun expects existing-home sales to increase another 9 percent in 2013, following a 9 percent rise in 2012.

The PHSI in the Northeast fell 5.4 percent to 78.8 in December but is 8.4 percent higher than December 2011. In the Midwest the index rose 0.9 percent to 104.8 in December and is 14.4 percent above a year ago. Tallahassee Pending home sales in the South declined 4.5 percent to an index of 111.5 in December but are 10.1 percent higher December 2011. In the West the index fell 8.2 percent in December to 101.0 and is 5.3 percent below a year ago.

Tallahassee Home Sellers: sell your home faster and at a higher price Tallahassee Homes for sale by Pro Players Realty USA

Tallahassee Homes for sale by Pro Players Realty USA
Tallahassee Homes for sale by Pro Players Realty USA

        As experienced Tallahassee Realtors our customers return to us time and time again to sell their homes. The sales process is arduous and ever changing. Thus, it is our policy that dedicated, professional Realtors are constantly updated on the procedures, laws and trends that directly affect our real estate market. We engage this philosophy by utilizing the state of the art training systems that have been developed by our own educational department.  We follow NAR code of ethics and DBPR rules and regulations.

 

 


Our continuous training has allowed us to develop an aggressive marketing campaign that maximizes exposure to qualified buyers while minimizing the time it takes to sell properties. Our marketing system will send you up to date information on your home such as other Tallahassee MLS listings that directly affect the value of your home, all information onTallahassee real estate agents that inquire about or show your home. You are also directly notified of any MLS information that is directly affecting the sale of your home.

 


Selling your home, in any market, can be a daunting task. In our volatile market this could easily be considered an understatement. However, at PRO PLAYERS REALTY USA we are dedicated to graciously moving people through this process to a result of exciting opportunity. We understand that a home, most likely one’s largest asset, is an item of subjective value. It takes the professionally trained eye to provide an objective point of view in valuing that which is near and dear to the heart of a family.  We build a custom website for all our Tallahassee homes for sale.  We specialize in selling Tallahassee Luxury Homes.

 

 


Most sellers who choose not to use a realtor to sell their home do so to try to save money. They think that by not having to pay a commission, they will reduce the cost to sell their home. In reality, sellers who choose not to use a realtor will take home less money than those who do. The National Association of Realtors statistics indicate that homes sold by Realtors average 18% higher sales prices and sell in about half the time than homes sold by owners. If the “For Sale By Owner” saves 6% in commission, then simple math shows that they will still take home 12% less money for selling their home than if they had used a realtor.

 


By using a dedicated, professional realtor at PRO PLAYERS REALTY USA you will save money in monthly payments and carrying costs by selling your home faster and at a higher price than you could without utilizing our marketing systems.

 


Please do not hesitate. Call us now!

 

 


850-942-SOLD (7653)

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