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Old 03-25-2008, 11:40 AM
 
883 posts, read 3,708,224 times
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Just this weekend I noticed that 3 out of the 9 houses for sale in my immediate neighborhood (West Hills/ Huntinton area) have signs out front saying they are under contract!! I hadn't seen anything under contract in my neighborhood for months...
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Old 03-25-2008, 11:56 AM
 
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My neighbours house has been for sale since July 06. I have seen a lot of activity recently and do believe its under contract.

I also see more sold signs.

d
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Old 03-25-2008, 12:49 PM
 
Location: East Northport
3,351 posts, read 9,728,032 times
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We are definately seeing an increase in buyer activity. I think that people are sensing that we are near the bottom and they seem now willing to commit.
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Old 03-25-2008, 01:54 PM
 
217 posts, read 957,818 times
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There are the same or more houses on the market presently, than about one year ago. Depends what area. I have my Lindenhurst house up for sale, and I know there are a lot more on the market in that town than last year. Between my opinion and what the economic/real estate data indicate, I think there will be more price declines before it starts to recover. Prices went up from 1997-2006 in my Lindenhurst home before slowing in mid 2006. It could take until 2009/10 for them to rebound I would guess. Its a buyers market for sure.
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Old 03-25-2008, 02:07 PM
 
Location: East Northport
3,351 posts, read 9,728,032 times
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Definately still a buyers market. Just noting the increased activity.
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Old 03-25-2008, 02:46 PM
 
Location: Cold Spring Harbor, NY
56 posts, read 243,565 times
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Quote:
Originally Posted by monkeygorilla View Post
Just this weekend I noticed that 3 out of the 9 houses for sale in my immediate neighborhood (West Hills/ Huntinton area) have signs out front saying they are under contract!! I hadn't seen anything under contract in my neighborhood for months...
For sure it's getting better. I work in the Hunt. area & my 779 listing despite the 16k taxes is 1/2 in contract & had 3 offers after being on the market w/ someone else for a yr. We staged some of the rms & dropped the price a little & someone bought it w/in 3 wks. My 409 listing was 1/2 in contract when the seller decided not to sell right now but every time I did an open house it was swarmed with young couples. The only house I can't seem to sell is my own!!!!!
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Old 03-25-2008, 04:22 PM
 
Location: home...finally, home .
8,799 posts, read 21,209,803 times
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well, it is spring when everything looks its best so good luck, everyone!
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Old 03-26-2008, 06:07 AM
 
Location: Kings Park & Jamesport
3,180 posts, read 10,503,401 times
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The inspection business is picking up, as it should this time of year. Lets hope it lasts. Deals seem to be much more "fragile" than before.
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Old 03-26-2008, 06:38 AM
 
Location: Eastern Long Island
1,280 posts, read 4,917,941 times
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My area is one of the more affordable areas so homes here sell no matter what. Anything that is priced right sells with a month or two, some sellers still hoping to get 2005 prices are keeping their homes on the market for a year or more. A house across the street from me closed in december for the highest sale price ever in this neighborhood. There is a new development in my town with very large, beautiful homes & the resales are priced around 600,000, I don't see any action on those at all. I can't imagine how they sold in the first place. It is certainly a buyers market & I hope the low, rates & new jumbo limits, plus the FHA programs are bringing more buyers out of the woodwork for Spring.
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Old 03-26-2008, 08:27 AM
 
Location: new yawk zoo
8,619 posts, read 10,996,451 times
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Don't forget that the mort. rates are rather attractive again.
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