There has been a lot of talk by everyone regarding where we are at in this current economic cycle. My take on this is that no one really has their finger on the absolute accurate pulse. The dynamics seem to be totally event driven, like trying to put your finger on mercury.
I'm not going to lean to left or the right. Here is what the statistics are saying this week. I track them weekly and have been for quite some time. I would encourage you to take a look at the past weeks for each location to get a better look at where we are. As a realtor, I haven't seen ratios like this for a some time. Is it the good news that the newspapers and MSN that have drived these numbers. Or, just the normal cycle of spring and summer increases.
I'll let you stay awake nights trying to figure out what the numbers are saying. I say they are what they are...and they're great.
KeeRemember we are always a week behind. Current week would be 06.06.09
Location 1st week January Current week of 06.06.09 Increase or Decrease
Bellingham 13.50 26.23 +12.73
Blaine 8.27 16.37 +8.1
Ferendale 11.16 20.65 +9.49
Lynden 13.19 16.77 +3.58
Sudden Vly 19.67 24.18 +4.51
Side Note: 0-45 is a Buyer's Market 45 - 55 Balanced Market 55 - 100 Seller's Market
Buyers: It is still a strong buyer's market, good deals are out there to be found!
Hope you found this blog entry to be helpful.
Any questions, give me a call.
Wes
Comments(0)