Well here we are in the midst of a little May heat wave! It's Wonderful!!!
This Week ending 5/16/08 at 9:44am RMLS is showing me a total of 20 Sales Closed in our local market area! I checked earlier in the week, and have been getting consistent numbers!
The new RMLS Real Estate Market action is out, and the results are promising for the Summer!
As Quoted from RMLS:
"April Residential Highlights
April 2008 results showed a 2.4% increase in closed sales compared to
April 2007. On the other hand, pending sales dropped 4.6%. New listings
also fell 20%. Inventory in months dropped to 14.2 months in April - down
from 19.6 in March."
The best news is that real estate is still selling! We aren't seeing the mortgage-market-induced inflated prices like we did in years past, prices are still on a correction path.
However, if you are looking to buy... this couldn't be a better time!
Yes, it's still a Buyer's Market!
But we have an increase in closed sales, which means Sellers also can feel good about it! The inventory of unsold homes is actually dropping as we see Sellers who weren't really motivated to sell, dropping off the boards!
When you're in the market for Excellence, Give us a call! 800-860-6774 Toll Free!
Joy Young Gugel
Broker
for:
Bonnie Jenkins, Principal Broker
ABR, CRB, CRS, GRI
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