My own real estate buyer representation has picked up along with others in the Mountain Empire. It may be too soon to proclaim the downturn is over, but I'm inclined to think it is. I had forecast since the beginning of the year that the end of summer should be the end of our bear market here. I sincerely hope what I have been experiencing these past several weeks continues and we all enjoy a more normal market.
With 80 homes for sale, or about a two year supply, I don't envision any short term price increases. What is surprising, of late, is the interest in raw land. I can't really explain that except for the paucity of buyers over the past two years. Pent up demand and perhaps a recognition of the market bottom is bringing about the change. Owners willing to carry back is also helping.