Our statistics for residential sales in our local MLS service area were rolled out this week and the actual numbers revealed what we suspected. The number of units sold for our area for the first quarter of 2008 was almost identical to the prior year's first quarter. Naturally that is good for the community! Does that spell "stable economy" . I think it does. Now if You are a naysayer you might refer to it as "stagnant." And if the units sold were down, it could be labeled a "declining real estate market." Now I calculated based on the number of agents in our market ( which is up about 20% in one year), that the average dollars sold by each agent equals about $47,000 in one month of the first quarter. Whoah partners! That is just about poverty level isn't it? Well I am not so sure that everything isn't just normal here in College Station , Texas. Remember the old saying about how 20% do 80% of the business in sales? What's new?
Have a Prosperous Week!
Trey
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