Relevant:
- Americans Unloading Prized Belongings on Craigslist to Make Ends Meet
- Phoenix: The Strange Case of the Missing New Listings
- Hamptons luxury homes pile up to record high as buyers stay away
- Trulia Sees 26% Decline in Number of Listings with Price Reductions
- In sign of real-estate slowdown, Orlando home sales are down and listings are up
2008-04-30 — financialarmageddon.com
At Craigslist, which has become a kind of online flea market for the world, the number of for-sale listings has soared 70 percent since last July. In March, the number of listings more than doubled to almost 15 million from the year-ago period.
Craigslist CEO Jeff Buckmaster acknowledged the increasing popularity of selling all sort of items on the Web, but said the rate of growth is "moving above the usual trend line." He said he was amazed at the desperate tone in some ads.
Get high-quality used sh*t cheap! Err, unless you're one of the millions in distress yourself.
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