As we approach the end of the first quarter I've been curious to see how we're faring relative to last year...
Earlier this quarter I had the impression that things were definitely picking up -- then came the 'season of extreme weather'. As people fled for shelter, comfort food and the Home Depot, they seemed to be avoiding the home buying process.
But alas, for our market area we're on track for almost a 20% increase in sales over 1st Qtr 2009. Of course, that period last year was truly a dark time (31% down from previous year's 1st quarter sales) so we're no where near where we had been but it's a positive sign neverthless. What is also encouraging is that the price ranges that have been experiencing the big increase is not the low-end which had been the realm of short sales and foreclosures... the biggest gains were in the $500-$5700K range and even above $1.5 million.
See market stats below - please note these are as of today, March 26th, and don't reflect the full quarter sales as yet.
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