Greg Seiler: Hi Kristi: Been awhile since we talked. How is the market doing in our area...and our size home?
Kristi Burks: Hi Greg, We saw a very slow spring market this year. Last months sales activity was 17.7% lower than last year and inventory is up 44.4% from last year. YIKES! Our housing supply is just under 5 months and average market time is also on the increase of about 83 days. I will email you over the current market analysis for your home, but closed comps would price your home around $215k, and the active market would list out at around $230k. Definitely a buyers market, but even at the low prices we have a shortage of buyers.
Wish I had better news..hope all is well. Please let me know if there is anything you need!
Thank you, Kristi
Greg Seiler: No problem. We are not in a hurry. Just refinanced at 4.99%. Just please keep us in the loop. We are looking at selling when the market is around $280-$300,000. It is our intention to convert the upstairs pool room to a bedroom. When we are closer to our selling price we will evaluate the advantage of converting the downstairs office to a bedroom. Thanks so much! Greg