We have some good news for March 2009. Sales have picked up substancially throughout the month. In
fact they increased 18% over March of last year. Now that the snow banks have receeded March sales
have gone a long way to correct the snowy January and February shortfall from the same periods over last year.
This dropped the per centage of dollar volume down, year over year from -35% to -16%. I suspect that this -16%/month
will stick around throughout April, May and June. The overall correction should level out at -10% year over
year, by July or August stats.
The good news is that we are experiencing a relatively strong stable real estate market and there is
nothing in the high water mark future that suggests anything but good times to come.
So with the Government's new home buyer incentive and the lowest interests in history @ 3.69% for 5
year term, we should have hoards of smart buyers on the market this Spring and throughout the year.
Talk to you all at April month end and enjoy the buzz of sales as we spring into Spring. Cheers, Phil.
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