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Old 01-28-2011, 10:59 PM
 
92 posts, read 195,714 times
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Is it true that more houses will be on the market in Spring season? If so, why? Best time to buy at this period?

Thanks!
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Old 01-29-2011, 11:16 AM
 
Location: Austin, Texas
544 posts, read 998,141 times
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yes, newie, there are historically more houses on market in the spring -- selection is pretty good and there are strong indicators this is a buyer's market
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Old 01-29-2011, 02:21 PM
 
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Quote:
Originally Posted by ROY DUBOSE View Post
yes, newie, there are historically more houses on market in the spring -- selection is pretty good and there are strong indicators this is a buyer's market
Buyer's market depending on what area you buy. Perhaps it's a buyer's market in Pflugerville, but maybe somewhere else it is not.
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Old 01-30-2011, 09:39 PM
 
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Originally Posted by llkltk View Post
Buyer's market depending on what area you buy. Perhaps it's a buyer's market in Pflugerville, but maybe somewhere else it is not.
how so?
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Old 01-31-2011, 03:12 AM
 
Location: Austin, Texas
22 posts, read 26,807 times
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Quote:
Originally Posted by newie80 View Post
how so?
Like basically anywhere in central Austin.
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Old 01-31-2011, 06:44 AM
 
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There are always more houses on the market in the Spring. People typically don't want to show/sell a house or move during the holidays and families don't want to move during the school year.
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Old 01-31-2011, 07:26 AM
 
Location: Austin, Texas
35 posts, read 86,246 times
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Another way to parse it, is to look at the home price. A greater than six month inventory is normally the definition of a Buyer's Market. At present, it is a Buyer's Market for homes above $200K in value. And if you are fortunate enough to be buying a home > $500K in value, the inventory level is > 12 months.
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Old 01-31-2011, 07:28 AM
 
Location: 78747
3,202 posts, read 3,002,857 times
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So typically, the more expensive the home, the larger the bath the seller is going to have to take?
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Old 01-31-2011, 08:55 AM
 
Location: Austin, Tx
302 posts, read 554,963 times
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Quote:
Originally Posted by rpowell View Post
Another way to parse it, is to look at the home price. A greater than six month inventory is normally the definition of a Buyer's Market. At present, it is a Buyer's Market for homes above $200K in value. And if you are fortunate enough to be buying a home > $500K in value, the inventory level is > 12 months.
Thank you for that excellent summary. A realistic view of the current market.
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Old 01-31-2011, 12:00 PM
 
Location: Austin, Texas
544 posts, read 998,141 times
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Quote:
Originally Posted by jobert View Post
So typically, the more expensive the home, the larger the bath the seller is going to have to take?

wouldn't that depend on what the seller had in the transaction??

i lived out in a West Texas farming community in a previous life and the way many farmers calculated profit was if they could have sold a bushel of wheat for $1.50 and ended up selling it for $1.40, then they lost 10 cents a bushel on the crop and were pretty incensed about having to take a "loss" --

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