What a crazy week.

Here's how we are feeling about the economy after last week: Money is too tight to mention!

Normally we have a falloff in real estate sales during November but this year is worst than most.  I sympathize with all sellers who need to sell right now and with buyers who have seen the credit markets dry up. 

One of our seller's took their property off the market this week deciding to wait a couple of years to see what the future would bring.  I can't blame them although I cannot predict the recovery yet either. 

Chris and I see this as a natural progression of real estate inventory.  In some categories, real estate inventory is NOT too tight to mention!  This goes for condos on the East Side and Providence area.  There is more than a year's inventory on the market right now and buyers are responding by not rushing.  More seller's are choosing the pull their inventory off the market by renting or withdrawing the property from sale.

There still some categories where inventory is tight.  Take a single family house in good condition located on the East Side of Providence or in Oak Hill priced in the low $300's and below.  These move quickly and inventory is still very low. So there are some bright spots in the market. 

It is a great time to be a buyer. The choices are endless and bargains are out there for the taking.

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