Good day...
I live near a housing project that has about 20 current MLS listings. Over a recent weekend I found only one open house. This was pretty surprising to me... I was expecting real estate agents to be working overtime trying to sell all this inventory. Are San Diego agents usually this inactive? When I sold my coffin-of-a-home in Los Angeles, my agent had open houses every weekend and even some during the week; it sold within a few months.
I do note that many of these homes are short sales and a few bank-owned. For the short sales, does this mean they have several offers, are waiting on the lender, and have no incentive to open house? For bank-owned properties, does this just mean the bank doesn't go hire itself house sitters?
Thanks,
The Count
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