December 23rd, 2008 8:06 AM

• Sales are up 154% comparing the month of January to the month of December
• Inventory is down is 20% since January 1
• Normally this is a quiet time of year for real estate, but NOT this year
  • Comparing November 2007 to November of 2008
    • November's Closed sales are up 144% above last year
    • Last November buyers were primarily in the $150 to $250k range
    • This November all the action is under $150k
    • Last year we sold 5 homes under $100k
    • This year we sold 188 homes under $100k
    • Of those solds this past November
      • 63% were foreclosures
      • 22% "regular" sales
      • 15% short sales
    • Foreclosures are getting the closest to their asking price (and multiple offer situations quite frequently)
      • Stats for all closed sales through November, 2008
      • Foreclosures 98% of list price
      • Short Sales 95% of list price
      • Regular Sales 94% of list price
• Looks like the bottom of the market is here!
  • Inventory is down
  • Sales are up
  • Interest rates are falling
  • It's 77 degrees and sunny with a light balmy wind

What more could we ask for?

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