Comments on: June City/Neighborhood Price Reductions http://blog.redfin.com/boston/2009/06/june_cityneighborhood_price_reductions.html Redfin Boston Sweet Digs Sat, 21 Nov 2009 17:01:40 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Tim Ellis http://blog.redfin.com/boston/2009/06/june_cityneighborhood_price_reductions.html/comment-page-1#comment-8620 Tim Ellis Tue, 30 Jun 2009 22:05:40 +0000 http://blog.redfin.com/boston/?p=1264#comment-8620 MOS = "Months of Supply" It's a measure of market activity, which is calculated very simply by dividing the total number of active listings on the market (usually a snapshot at the end of the month) by the total number of pending sales in a month. Generally, above 6 MOS is considered a "buyer's market," while below 6 MOS is a "seller's market." This may change however depending on how your local listing service is defining "active listings" and "pending sales." MOS = “Months of Supply”

It’s a measure of market activity, which is calculated very simply by dividing the total number of active listings on the market (usually a snapshot at the end of the month) by the total number of pending sales in a month.

Generally, above 6 MOS is considered a “buyer’s market,” while below 6 MOS is a “seller’s market.” This may change however depending on how your local listing service is defining “active listings” and “pending sales.”

]]> By: Jake http://blog.redfin.com/boston/2009/06/june_cityneighborhood_price_reductions.html/comment-page-1#comment-8619 Jake Tue, 30 Jun 2009 22:00:45 +0000 http://blog.redfin.com/boston/?p=1264#comment-8619 Sorry for the silly question - in the accompanying spreadsheet, what does "MOS" mean? Sorry for the silly question – in the accompanying spreadsheet, what does “MOS” mean?

]]> By: Rick Cuddy http://blog.redfin.com/boston/2009/06/june_cityneighborhood_price_reductions.html/comment-page-1#comment-8618 Rick Cuddy Tue, 30 Jun 2009 21:42:29 +0000 http://blog.redfin.com/boston/?p=1264#comment-8618 Yes, the market has had many pricing adjustment over the past couple of years. The panic right now seems to be with investors that don't want to be left out in the cold. I am starting to flip properties that the investors haven't even taken title of yet... today I called one of my investors that has bought many fixer-uppers over The last 6 months, and gave him an offer to sell his next purchase at the closing (double closing) for a 25% mark up. I even told the new buyer's agent the new buyer would have to pay my 4% Seller's Broker Commission. There is a very active market out there; you just need to work with an informed agent that is willing to speak for you and get you the best deal. You can be a Buyer or a Seller there is money to be made right now. Stand strong get the most for your money. Yes, the market has had many pricing adjustment over the past couple of years. The panic right now seems to be with investors that don’t want to be left out in the cold. I am starting to flip properties that the investors haven’t even taken title of yet… today I called one of my investors that has bought many fixer-uppers over
The last 6 months, and gave him an offer to sell his next purchase at the closing (double closing) for a 25% mark up. I even told the new buyer’s agent the new buyer would have to pay my 4% Seller’s Broker Commission.

There is a very active market out there; you just need to work with an informed agent that is willing to speak for you and get you the best deal. You can be a Buyer or a Seller there is money to be made right now. Stand strong get the most for your money.

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