Friday, September 23, 2005

More News from the Open House Front

More slow open houses as reported by the Property Grunt:

"Turnout at the Grunt’s open houses has been lower than turn out at a Pro FEMA rally in New Orleans. Ok. That was bad. But you get my drift.

. . .

This is week two of the open house drought and in a previous entry I stated my concern and hoped that this was fluke but it doesn’t look like it. I have heard from one broker who was previewing the open houses in that area that turnout has been low. One of the few buyers who came by made the observation from looking at the major real estate brokerages that there has been more inventory and prices have not risen."

Link:
Property Grunt Status Report

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Sorry to hear about the slowdown. Same same here in Los Angeles. Though, they end up selling, they're on the market as much as two months now, which is much longer than people are used to waiting. Still, that's less time than normal. Everyone's still used to those flying-off-the-market stories.

In the meantime, I like your blog. Stop by The Boy in the Big Housing Bubble and take our Housing Bubble Poll. Stay cool.
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