Absorption Rates, Spartanburg MLS, May 2008-April 2009

Price Range Months of Price Range Months of (Thousands) Inventory (Thousands) Inventory

$0 - $100 8.50 $350 - $400 37.80

$100 - $125 10.01 $400 - $450 19.41

$125 - $150 13.65 $450 - $500 24.77

$150 - $200 14.75 $500 - $600 62.25

$200 - $250 15.80 $600 - $750 56.40

$250 - $300 22.80 $750 - $1M 180.00

$300 - $350 23.56 $1M and Up 564.00

If inventory is 4 months or less it is considered a "Sellers Market", if it's 8 months or more it is considered a "Buyers Market". These numbers are an improvement from the last report with the exception of the $750K and up homes. For a more detailed analysis in your area contact a Professional Realtor®.

Although ‘supply and demand' have a large impact on price and days on market, positioning of your home is extremely important in both reducing the days on market and improving your net proceeds. Positioning is simply showing more value to the consumer than your competition does. It involves improving curb appeal, staging the home, making repairs, fresh paint and in some cases updating the home. We have found that homes that are properly positioned sell as much as 5 times faster than those that are not properly positioned.

If you plan on selling your home, call us for professional guidance in getting your home ready for market.

The Gardner Team Yvette 864.706.3660

Yvette & Dennis Gardner ygardner@HomesInTheUpstate.net

REALTORS®, ABR, CRS, GRI, ALHS Dennis 864.641.5859

Keller Williams Realty dgardner@HomesInTheUpstate.net