It always takes time for the statistics regarding home sales and average prices to be processed so, as I have said before, trying to predict what will happen next by looking at sales statistics is a lot like driving by looking in the rear view mirror.
For a more immediate reading on what is happening, I would like to offer you my personal experience.
At the beginning of April I had five properties listed for sale. Of those, two have sold firm (removal or fulfillment of all conditions) in the past 10 days. I have also picked up one new listing in that same time (but I could still use more if you are thinking of selling your property!)
This level of activity means that people have grown tired of waiting to see what is happening with the economy and they are resuming normal life, including buying and selling real estate. It's great to see the market come alive again.
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