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Market News
Accurate information is especially important when you are making one of the most important financial decisions of your life…buying or selling your home. My goal is to provide information that helps you understand the local real estate market…the quirks and trends.
Current News
- Existing Home Sales for December 2011 increased 5% from November - this is the 3rd consecutive month of increases and 2nd highest reading
in 2011, also 3.6% above December 2010 and as a whole existing homes sales were up 1.7%
- Total housing inventory dropped 9.2% for December, representing a 6.2% month supply, down 7.2% supply in November
(Existing Home Sales is a measure of the selling rate of preowned single family homes, collected by the National Associaltion of Realtors,
from 650 Realtor Associations. It includes a geographical breakdown, as well as a measure of prices and house inventory, the number of months it would take to deplete existing supply.)
Statistics
Please review this information, ask questions, and let me know if there is a topic you'd like covered in the future.
Enjoy!
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