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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (40798)9/6/2005 4:48:13 PM
From: TradeliteRead Replies (1) of 306849
 
realtor.com by its nature tends to be a little behind. Homes which already have contracts will still be shown as though they are available.

A home technically and legally isn't sold until it settles and can continue to be offered for sale in case anyone wants to write a backup contract to the original contract that was accepted by the seller.

However, homes are generally removed from realtor.com once they get a "finalized" contract which has no financing or other types of contingencies pending.

In one week since the storm hit, I can imagine that much of the apparent inventory you said you saw on Realtor.com is now gone--just hasn't settled yet and is still on display.

If the population of Baton Rouge doubled in the past week (as several stories I've seen do claim), how long would any reasonable amount of inventory last? I've read that homes which have sat for months have just now sold, and that many NO buyers are offering all-cash.
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