A year ago, if a buyer asked me about five listings that had fallen out of the MLS, upon closer inspection, I would have found that those five listings had all expired or had been withdrawn by the owner. The other day, however, I looked into five listings for one of my buyers and discovered that two had recently sold, two were under contract and only one had been withdrawn by the seller.
To top things off… of the other five properties I tried to show the same buyer, two of them were actually under contract when I called to set up appointments. That hasn’t happened in a long while.
There had been a time during the ‘boom’ when every other property I called on to show would be under contract – many agents don’t bother to change the status of the listing and let them appear ‘active’ when in fact they are pending sales but that’s another story. More recently, any active listings I’d call to show were pretty much all available and the agents sounded relieved someone wanted to show it at all.
I firmly believe it is an indication that the market is changing and activity is on the rise. Just last week while sitting on the panel of the Glynn County Board of Equalization, one of the county appraisers, in defending the value of a property under appeal, cited several noteable land sales in the West Glynn area of the county where during the ‘boom’ growth had been rampant, but since the collapse, things had come to a halt. Hearing about all the land sales out there and then encountering the increased activity here on the Island makes me feel that things are definitely shifting.
I’ll pull some numbers and perhaps make some sort of graph for a future post soon… stay tuned!
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