Not going down! That's the good news! The average numbers did not decline from the past 30 days and we can all be thankful for that piece of good news (except if you are a buyer). Some other good news is that Vilas County Transfer Tax is down only 15% from 2008. That is better than it has been. Transfer tax is the .3% that all sellers pay to the state when they sell their property. For 2009, we are presently down 40% year to date. So, the market is not falling as fast as it was earlier in the year.
Is it time to celebrate? Anyone who knows me realizes that anytime is a time to celebrate!! However if you are a buyer it may be time to pop the champagne. If you are a Seller, its still a bit of a drag out there.. The stimulus package has not improved the real estate market here in the Northwoods. We still have many summer visitors as there is no place on earth better to be than the Northwoods. The inventory is excellent. Interest rates are very good, too. There are incentives for those first time home buyers as well. Has there ever been a better time to buy?
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