The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (6586)	11/5/2002 2:27:27 PM
From: ild	Read Replies (1) of 306849

<<<renters want to become homeowners. Condos are the way to get in." >>> I agree with that. In fact this year was the first when condos had multiple offers in my area. (Zip 92604). I looked at the September sales (escrow opened in July and August) and found that many sale prices were higher than asking price and condos were sold in a few days after they were listed. In August inventory was extremely low. Now the inventory is back to normal and I see that asking prices are lower than actual September sale prices.

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