After looking at the stats for our area for the 1st qtr, there is good and bad news. The good news is that properties in Monticello city limits saw an increase in average sale price of 8% over this time last year. There were fewer homes sale, but the days on market was less than last year. This might be proof that First Time Home Buyers are realizing this is a great time to buy.
However, Rural Monticello, Lake Shafer and Lake Freeman are still seeing decreases. But 1st quarter stats on lake property can be skewed a bit due to what kind of winter we had. Although, I don't have an explanation for the Rural Monticello market. It will definately be an area to watch going into this next quarter.