Sadly, it is a fact of life that we often people or industries get painted with the same incorrect brush. While our real estate market may be down in some areas, it is not the disaster that the national media would lead us to believe. Our two major counties that most realtors work in here show units down by 11% plus but the average price is up 2.9% in Greene County when compared to the same period as last year, and Christian County is off some 15% in sales with average prices virtually unchanged. In both cases days on market have only increased by one week! Think about that-Sales have fallen but prices haven't!! If 2006 was a record year, is it really that bad of a market to be 11-15% behind?? Sure it is an adjustment but it can't be a record every year.
I would venture to say when you talk to most realtors about their business they will say it is less, total units sold is off just some 450 units from last year. Calculated thru the end of July, that averages to 2 less sales per day!! I am more inclined to think that the sheer increase in the number of agents over the last 3-4 years has more of an impact on our ability to make a living than anything else (aside from the collapse of the non conforming mortgage market). Too many agents chasing a limited number of opportunities. Purchase your home, prices don't seem to warrant a waiting game for prices to fall.
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