September 2009 RMLS Market Action Report
(Sherwood is grouped in area 151)
Positive Facts to Highlight:
This months report shows a trend of increasing real estate sales & lower housing inventories.
Compared to last years numbers in September 2008, PENDING sales this September were up 34% and CLOSED sales rose nearly 10%! Also during that same time period, NEW Listings fell 14.3%. This indication of lower inventories on the market is a positive for sellers - although it is still a buyers market.
The "average" price declined 8% and the "median" home price dropped nearly 10%. However, inventory levels remain steady and lower than past trends with 7.6 months of inventory on the market.
The rising amount of lower priced homes selling is greatly due to the increased demand and opportunities the first time home buyer tax credit presents. This is also playing a huge role in the number of increased pending and closed sales we're seeing today.
The Gardner Team - 971.832.1234
Also - we're happy to announce our NEW Sherwood neighborhood online network - If you're looking for market updates and real estate information you can now find it by neighborhood and even search for homes down to the street. We have several new sites coming soon and while they are still in development there's already great information you may want to look at in both the Sherwood Renaissance and Woodhaven community which is near completion. Visit www.SherwoodRenaissanceHomes.com or www.SherwoodWoodhavenHomes.com - We look forward to your feedback and what we can do to make them even better for you.
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