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This Just In.... First Half Sales Numbers for 2009
Yes, its that time of year already. Summer in the Northwest...not too many things can beat it. The weather is gorgeous, the city is hopping with events, and the real estate market is.....STABLE.Obviously the climate in the real estate market and the wider economy is a little less sweltering than our weather has been so far this summer, but overall things could be much worse . The trick in analyzing market trends is to have data to measure against. For us, the data available to measure against just happens to be from the hottest real estate market in history. It is crucial to keep that in mind when looking at these trends. At first glance, you may feel that the charts I'm going to share paint a bleak picture. But when you consider that the data I'm using is from the past 5 years (translation: ridiculous, unsustainable growth rates and loose credit standards) then you may feel pretty good about the recent market activity. Number of SalesThe first chart we'll look at shows the number of homes sold during the first half of each year (2005-2009). Pretty apparent that we are down in numbers from 2006, but I'm not convinced that ... more

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