Interpreting The Data
Inventory was at 12 month high in June of 2010. The inventory has been decreasing at a steady rate indicating that the buyers are outnumbering the sellers. If inventory continues at this pace, you can expect to see a stabilization or even increase in sales prices. The median home price declined about $20,000 from the previous 12 months, but appears to have stabilized. Price volatility appears to be different depending on home size and price. Additional data is available upon request.
Is Now The Right Time To Buy?
- Interest Rates are the lowest they have been in a very long time.
- Inventory is declining. You have less homes to choose from right now. The market is still a sellers market as the number of buyers is higher than the number of available homes.
- Mountain House is a great community to live in. If you have children, the school year is going to start in August.
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