We reached (perhaps not the best choice of words) a new low for unit sales in February.  40 units sold in the month and that is the lowest monthly volume that we have experienced in the past 10 years.  I can speculate as to the cause: the economy and the very cold weather.

Last February was less than spectacular too with 53 units sold.  2007 saw 94 units sell and 2006 saw 102 units move.

Listing activity is good.  The supply is getting better daily.  Sellers are wanting to sell in 2009.  That is a good sign.  In 2008, we saw a lot of Sellers that were "waiting for the market to improve".  We may not see as much of that in 2009.

Interest rates remain at historically low levels.  The supply is good and getting better.  We remain optimistic about the Northwoods' real estate market. 

There never has been a better time to be a Buyer!

 
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Jim Mulleady

Eagle River, WI

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Coldwell Banker Mulleady REALTORS

Address: 226 W. Pine St., PO Box 1029, Eagle River, WI, 54521

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