Do you see the light at the end of the tunnel? If your a seller, here’s a story for you.

Last Friday, a two family house went on the market near Davis Sq. for $449,000 and all offers needed to be submitted by 12:30pm Monday, December 15, 2008 (yesterday). One of my agents submitted an offer on behalf of her client for $2,000.00 above asking price that included a bank pre-qualified letter. At 6:00pm yesterday, the listing broker called and thanked us for our offer and said there were 12 offers and they accepted another offer that he said “was substantially higher than the asking price.”

My question, am I reading too much into this to say that there’s pent-up demand in the housing market provided that the price is right?

MLS # 70855477 the above property went under agreement in three days with 12 offers and several of the offers were above asking price. This wasn’t a short-sale or a bank owned property. Do you see the light at the end of the tunnel?

Comments

comments

Call Now