Following the numbers only it appears that we slipped (actually dove) into a buyers market during August and September. Virtually all categories and price ranges showing inventories of 7-10 months. However I think October, if we don't scare ourselves to death, will show better numbers... there were just to many events that effected the market. Very hot weather (and around here everyone goes to the Lake) mortgage news, etc. Frankly we are about where we were in 2005 which is NOT a bad thing. More parity between buyers and sellers. After-all selling is not a race...
I look forward to a reasonable Fall/ Winter. Next Spring I expect us to settle back to a 115-145 market time line. Prices will appear to keep climbing as the bottom has fallen out and that leaves just higher priced homes to pull the median up. But when your agent says you can get 200+ per sq foot for your 1800 sq foot rambler built in 1970... you might want to ask some hard questions..
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