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Reply to "Are buyers still buying?"
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[quote=Anonymous]I live in a lower cost part of Howard County. Our neighborhood has 9 houses that closed within the last month, 10 houses that are under contract and 5 active listing. Of the 5 active listings, two were listed today. The remaining 3 were listed 4, 6 and 12 days ago. This area is a mix of condos, townhomes and smaller SFH, but it zoned for a good school. And the market still seems to be pretty busy. The only thing that the current market has done was decreased the amount of hedge warfare going on. Last summer, listings were getting 15-30 offers and homes were going for 10-30% over list. This year there are still multiple offers, but more like single digits of multiple offers and the sales are going for more like 5%-15% over list. So, yes, the market has cooled, but still pretty hot. And like I said, we are not in the hottest of markets.[/quote]
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