“It’s not a buyer’s market,” she said. “It’s a procrastinator’s market.” : The Real Estate Bloggers

“It’s not a buyer’s market,” she said. “It’s a procrastinator’s market.”

July 18th, 2006 • Related • Filed Under

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Sadwoman“It’s not a buyer’s market,” she said. “It’s a procrastinator’s market.” Builders Online

This is the phrase that was used to describe the Boston real estate market. Too much inventory and no incentive for people to move on properties  quickly. 

Instead the marketplace is rewarding waiting as the sellers are panicking in the glut of inventory as opposed to showing common sense. The real estate agents need volume so they are telling their customers to lower pricing as opposed to work in an innovative way to sell the properties.

It has to be  a shock to the real estate agents in the northeast. For the past few years the only work they had to do was get the listing. Now they are expected to market the homes and develop strategies to get sales moving.

From this same article the time for  a home to sell  is 97 day, up only 12 days from the heady days in 2004. So homes are  still moving, it is up to the  agents to use their skills to sell the homes.

Related posts:
  1. A Sign of Sanity: San Jose Housing Market Slowing Down
  2. From Lust to Patience; Real Estate Market in a New Dance
  3. Speculators Vanish - Housing Market Normalizes
  4. Orlando Realtor Head Warns of a Soft Market.
  5. Boston Condo Market Peaked - Huge Inventory Available



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