Spot listings double in one month.

More sellers than ever are joining the Spot bandwagon. We're pleased to report that Spot's listing volume has doubled over the last month, with many more listings in process.

Thanks for spreading the word about Spot. And, we'd especially like to thank those sellers who have allowed us to publish their feedback and to serve as references. We know that to many people, Spot's value proposition sounds too good to be true. We're pleased that our past and current clients have let folks know that "Spot's the real deal!!!"

Thanks again for your support, and we look forward to more growth in the months ahead.

Big price drops spur buyers.

There's no question... these are tough times for the housing market. Although it's been a buyers' market for a while, August was particularly slow, with transaction volume down over 30% from a year ago.

Here in September, we're seeing a new phenomenon. In neighborhoods with many active listings, a few individual sellers are dropping prices dramatically... and getting their houses sold. It can be a bit rattling to a home seller when a neighbor cuts their price by 15 or 20%. It's definitely going to affect what price you will get for yours.

For these sellers, the strategy is working. Anecdotally, we're seeing a lot of cases where this type of big price drop occurs, and a buyer then steps in and writes a contract. Two weeks ago, a condominium complex in Alexandria, Virginia had 31 active listings, and nothing there had sold since early July. In September, four homeowners dropped their price more than 15% and all four went under contract.

So, if you're thinking about dropping price, don't wait. Get ahead of the price curve by implementing your price cut ahead of your neighbors.