My Real Estate Blog

We have managed to limp through another week. The financial news seemed to be better out there this week. With a little more of the good news, maybe the buyers will feel more secure in their buying decision. I am hearing more and more from different sources that we may be at our bottom - time will tell - hindsight always works best in real estate. This week, the number of active single family dwellings is at 64. When the market was very hot, we had about 30 houses on the market and when the market tanked in 2006, we had 67 listings so you can see the inventory is getting very low. We had 6 new homes come on the market - none of which appear to be foreclosures or short sales. We had 2 homes sell - both of these were seller owned homes. One was on the market 6 days and the other was ont he market 51 days.

Posted by Angela Mitchell on November 1st, 2008 10:38 AMPost a Comment (0)

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