Wednesday, October 28, 2009

Florence Real Estate Market Holds

As of this post we have 436 active residential properties with an average asking price of $263,000 and an average days on market increasing to 325. The 30 days preceding this post have netted a total of 35 residential sales.

The huge DOM is in large part because the average sale price is hovering near the $200,000 mark and Florence real estate practitioners are reluctant to change the old list at any price philosophy.

I am very happy to see this level of activity holding but I am utterly disgusted with the lack of professionalism by my peers, when it comes to pricing. Overpricing property by over 20 % is pathetic at best!


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