Q: What can a home seller do about a deadbeat real estate agent? Knowing we are in a buyer’s market, I signed a listing agreement with a high-profile agent professing to have great marketing skills and a fabulous sales record.What I wound up with was an agent who put up the for-sale sign, listed my home on the MLS and then disappeared. No communication, no updates about marketing, and more important, no showings. Can I cancel the listing contract with no penalty and list with a more-competent agent?

Suzanne Z.

Oakland

Market Conditions for Reno, Nevada   Reported by Diane Cohn, REALTOR, ABRAs of June 2, 2006.

Significant inventory increases, lower absorption rates, longer days on the market, prices holding steady. That’s May 2006 in a nutshell.

An increase in inventory in the under $300K category caused absorption rates to slip and days on the market to rise. In May, these properties closed for over 98% of asking price in under 91 days (up from 85) for an average $229,690 (down from $231,667). The market absorption rate for these properties declined to 35% (down from 41%). With 572 new listings in this price range (up from 462), we have a nearly three month supply of fresh inventory. Expired listings are holding at 13%.

		Angela Wang Direct (510) 494-2115 Office (510) 796-2100 Cell Phone (510) 299-0186 Fax (510) 494-2280 angela_ywang@yahoo.com http://angelawang.com
When it comes to buying or selling real estate, the knowledge and experience of a professional can open doors and save you a lot of time and money.

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.
 

Descriptionsiption:

A thing of beauty is a joy forever…
This is truly a stunning home with lots of character…