It is hard to say that there is a market trend other than locally. In Rock County Wisconsin we can say that the Tax Buyer Credits certainly had an effect on the number of sales.
Residential Sales from January 1, 2010 until today, May 21, 2010 have increased 28% over a year ago(573 versus 448). However, average sales prices continued to decline 8% from a year ago (from $120,283 to $109,866). This indicates that we certainly have not reached bottom yet.
It would be nice to see a 3 month period of increasing prices. When that will happen is anyone's guess.
If you would like an analysis of your local neighborhood, contact me a jerrymorse@gmail.com.
The Morse Company
Jerry Morse, Broker
Comments(0)