Sunday, April 3, 2016

Does The Buyer Or Seller Have The Power In Today's Market?


From $400,000 upwards we have more active listings than we have seen in the last 6 years, so buyers have plenty of choice and therefore negotiating power.

Below $200,000 we have a chronic shortage of homes available for purchase, and there is precious little to rent too. Here sellers have most of the negotiating power.

Price RangeActive (excluding UCB & CCBS) April 1, 2016Year Ago% ChangeCommentDays of Inventory
Under $100K181308-41% 46
$100K-$125K183313-42% 39
$125K-$150K441793-44%lowest level since 200540
$150K-$175K7601,060-28% 52
$175K-$200K1,1341,188-5% 73
$200K-$225K987917+8% 80
$225K-$250K1,1441,084+6% 87
$250K-$275K912812+12% 96
$275K-$300K1,1441,031+11% 115
$300K-$350K1,6331,555+5% 130
$350K-$400K1,4381,4390% 151
$400K-$500K1,9031,601+19%highest active count since Mar 2009191
$500K-$600K1,2291,036+19%highest active count since Apr 2009253
$600K-$800K1,3371,065+26%highest active count since Jun 2009293
$800K-$1M760683+11%highest active count since Aug 2009384
$1M-$1.5M808677+19%highest active count since Nov 2009480
$1.5M-$2M465408+14%highest active count since Mar 2010684
$2M-$3M407382+7%highest active count since Mar 2010798
Over $3M327300+9%highest active count since Dec 20091,219

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