In the tri-county region of Sacramento, April sales were 40% higher in 2008 than they were in 2007.

good post..depends on your area..we have to get the buyers to realize now is the time to buy..good luck!!

Jim Same scenerio here in MASS as far as prices being a lot lower but things still languishing on the market. It seems that there must be quite a few buyers who don't believe we have not hit bottom yet and they are probably right. 

Elizabeth Weintraub, Sacramento Real Estate Broker (Lyon Real Estate)   Thanks for sharing that is encouraging.

Michael Shankman, Selling Las Vegas real estate (Liberty Realty)   Buyers in our area seem in very short supply these days.

Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty)  I feel the same way Bill.  The euphoria isn't there yet.

Jim,

Thanks for your post. It challanged me to really look at what the were numbers are saying.

Here are some numbers that may make you cringe.

Market Conditions first 4 months of 2008 in comparison to the same period in 2007 for the Pensacola MLS area.

When compared to 2007 there have been 512 fewer sales this year. The hardest hit is by far the $100,000 to $399,999 price range with 419 fewer transactions. A combined loss of 419 which is approximately 82% of the total.

For homes over $600,000 has been a net gain of 29 sales.

I am looking into these more and will post a blog on what I discover.

I hope the next three months paint a better picture. This is the time of year most of our sales take place.

 Laura Perryman (Real Estate Direct)  Thank you Laura for your input.  Most agents are too afraid to look at the statistics...but that is the key to survival.

Depends on the town - Portsmouth has remained stable to last year in value and units sold. Other surrounding towns can be down as much as 40% in units sold and 10% in value. We are seeing reduced days on market across the board with inventory up.

Shannon Aldrich ~ NH & Maine Real Estate Seacoast (Keller Williams Coastal Realty)  I am seeing some reduced days on market in some areas but sales down.  It could be a flight to quality homes... and location