1) There are numerous signs that the housing market is turning positive. But a robust rebound is not expected.
2) Sales of all single family properties in April 2010 were up 12.2% compared to April of 2009. Sales in 2010 have steadily outpaced 1st quarter 2009 sales.
3) 4,028 single family detached homes sold in April 2010 which was an increase of 9.6% over the same period last year.
4) The average sales price in April 2010 was $200,812. Sales prices have also steadily outpaced those of 1st quarter 2009.
5) The number of homes for sale has been decreasing; the level is moving into the normal range.
6) The majority of Metro Atlanta is no longer being considered a declining market in the eyes of appraisers. As a result, more contracts are going to the closing table at the originally negotiated purchase price.
7) Because of the stimulus package, 2nd quarter closings should be significantly higher than the previous year. Even without the stimulus package, the forecast for 3rd quarter sales is positive.
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