There were 1126 condos for sale on the eastside and 207 of them received offers. Eighteen percent of the condos for sale had accepted offers. May’s odds of selling were far better than any month during all of 2010. But the odds were still slightly less than 20%, so it’s very competitive out there. Price and condition are so important.
Buyers still have a lot of choices and are generally not in a rush to buy, so if you’re selling your condo, be careful to keep up with the changes in the market. Make sure to get an update on any competition at least every 2 weeks. Too much happens during a month’s time to wait 30 days to look at the competition. Your condo could get left behind, if better priced homes are up for sale.
If you plan to sell your condo in the near future, feel free to contact me if you have questions about what you need to do to get ready to sell. Every seller has to do a few things before putting a home on the market. If your home is positioned properly, it can be one of the lucky ones to get an offer.