The Leavenworth market has finally succumbed to outside pressures and we saw our first real signs of a slowdown in the second quarter of 2008.

Unlike other parts of the country, our is less effected by the difficulty to secure lending, but rather by the general sense of economic uncertainty that hangs over all of our heads.

I wrote a more detailed post on the Leavenworth Real Estate Blog, Myleavenworth.com. Click here to read the current state of the Leavenworth Real Estate Market.

Prices appreciation seems to have flattened and the inventory has really soared. Most devastating is that the number of homes sold is 1/2 that of the 2nd quarter of 2007. We are seeing the same sorts of numbers for land sales as well.

Condos are a very different story, which I hope to have posted soon.