Is Our Market "Stabilizing?"
Is Our Market Stabilizing? . . .
Current trend says, "Yes!"
After having run the market data numbers for this month's edition, it would appear that the
Also, as I've been saying for a while now, rates are about as low as they will most likely get. If you are looking to buy your "ship has come in" and the "meter is running," especially with prices at an all-time low.
If you are thinking of selling, these same great rates still factor big in getting your home sold. If you are thinking of doing either, call me so that I help you find the perfect house or get your home listed before rates go up; and, believe me, they will - especially with all of the new inflation-causing "stimulus money" floating around out there!
In the meantime, let's take a look at last month's sales numbers . . . .
Current Market Numbers The total number of homes sold for all areas (covered on my statistics page) thus far for 2009 is 337; last year's total this time was 290 so we're still up volume-wise, year-to-date, and up by two percent when comparing the last two 12-month periods. The current average price of a home is $504,000 (see stats page). 2008’s average price was $564,000. This tells me that not only are things selling but are also still very negotiable.
Lastly, the average number of days that homes are spending on the market so far this year is 116. 2008's average was 110. Remember, this "Days on Market" figure is determined by the time a home goes onto the MLS and when it is reported as having been placed into escrow and noted as a "pending sale." The current average list-to-sales-price ratio is just under 94 percent. 2008's average-list-to-sale-price ratio was also 94 percent. Finally, the current inventory of unsold homes is 7.58 months. 2008's average was 7.37.
Stay tuned to next weeks, "Paul's Blog" entry for more sales and marketing updates!
Posted at 10:51AM Apr 02, 2009 by Paul Pickering in Real Estate | Comments[0]
