Ok, we have just finished compiling the numbers for the first quarter of 2009. As I have been preaching all along, 2007 was such an inflated market that the market needed to readjust itself and that it did, but on a whole we are still under the national average for the decrease in the average sales price of a home. Just based on the 1st quarter of 2009, we are down approximately 8% from our very best year in 2007, and if you base it from last year we are only down approximately 4%. You could also look at the numbers in a positive way, if you compare 2008 to 2007 we droped by approximately 5% and comparing the first quareter of 2009 to 2008 we only dropped 4% in the average sales price of a home compared to 2007- 2008. There are some great deals out there to be had, but I predict that the market will be making a shift here very soon and buyers beware......it will become a sellers market. Sellers will soon take advantage of the interest rates themselves and make up for the low selling prices. Interst rates are at an all time low and if you are in the market to buy you had better do so soon, you have all the reasons in the world to buy now, 8,000 tax credit until 12/2009, low interest rates, and some good home prices compared to recent years.
If you would like more information that is updated monthly , please visit www.mymarketreports.com.
These numbers are deemed accurate but not reliable. These numbers are based on Residential sales only
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