Market statistics continue to show that homes for sale that are priced correctly according to their condition and the market comparables (similar homes sold recently) sell well - going Under Contract on average in just 76 Days on Market (DOM) in Sept 2009. This is down slightly from a year ago (at 79 DOM in Sept 2008) and off the annual high of 103 DOM in Jan of 2009.
This is in contrast to the increase in the average Days on Market for both For Sale and Expired home for sale which we've seen in the past year. Expired Homes (those that did not sell) have gone from 155 average DOM last Sept up to 188 average DOM as of Sept 30 2009.
If you want to sell your home, John Luca has the experience to review your home's condition as well as the market comparables of recently sold homes and advise you on the correct price point as well as staging and other helpful sales tips - this can make the difference between you going Under Contract and being able to move or ending up on the Expired list.
Please call John at 302-999-6966 to answer any real estate related questions on the market in your area, or about buying and selling in this environment.
Have a great October!
Mary Luca
Charts used in the analysis - plus additional statistics are below for your viewing - click on the links to view all of the data that I've prepared for you.
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Mary and John Luca
TriStateTeam.com at Prudential Fox & Roach
4764 Limestone Rd
Wilmington, Delaware 19808 Office: (302) 999-6966
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Download Supply and Demand Chester and New Castle County Sept 30 2009 John and Mary Luca
Download Supply and Demand FS UC New Chester and New Castle County Sept 30 2009 John and Mary Luca
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