Our commentary this month will simply direct you to the chart above (click on the graphic for a larger view), where we can clearly see a steady recovery taking place. The timeline can be divided into four distinct trends:
1/2009 - 9/2009 Declining sales due to the collapsing financial and real estate markets
10/2009 - 6/2010 Increasing sales due to the Homebuyer Tax Credit incentive
7/2010 - 7/2011 Declining sales as the stimulus of the Tax Credit is removed from the market
8/2011 - Present Actual, unaided recovery!
Buyer and contract activity is still strong, and inventory remains lower than in the past few years. We believe the market is clearly showing signs of returning to a more balanced state and, while not yet there, is certainly heading in the right direction.
Click here to view or download our Market Activity Charts for June 2012.
This original blog post can be found by clicking here
Comments(0)