📊Wednesday, April 29th MARKET WATCH! New Listings continue to slow this week, suppressing Accepted Offers and squashing the brief hopes of last week's mini-surge. ▪️5 Accepted Offers yesterday bring our weekly total to 17. This is 11 less than where we were this time last week. ▪️3 of those Accepted Offers were on homes that had been on the market for under 3 days, and 2 were over 10 days, with the max being 46 DOM. ▪️ With only 5 New Listings hitting the market we are up to only 11 for the week, 11 less than this time last week. ▪️ A mere 193 homes are on the market without accepted offers, and the average DOM for those homes is 60. This deficiency of fresh listings is holding back market activity. ▪️Last week marked the first time that we trended even with Accepted Offers vs New Listings, now we are back to being over/under, with Accepted Offers outpacing New Listings 17 to 11. ▪️ So far only 124 homes have crossed the finish line this month and closed/sold, not a very good number, especially if you compare to 2019 April's total of 227 Sold.
Clearly there is still buyer activity, but seller activity is what is suppressing the market. Many people simply can't consider selling right now for various reasons, but if you need to sell just know that we are finding ways to do it safely and in ways that are convenient for you! Virtual Tours, one day showing restrictions, protective equipment and more! Check out www.realbradford.com to see some virtual tour examples! *information is deemed reliable but not guaranteed* #lafayetteindiana #lafayetterealestate #westlafayette #westlafayetterealestate #westlafayettehomes #boilerup #privaterealtor
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