Market Stability? Maybe?

By
Real Estate Agent with The Morse Company 2645

Last Year was the year of the "Homebuyer's Tax Credit"  In our market if forced a large number of sales into the First Half of the Year when it ended.  This is the year of return to actual market conditions.

Our Rock County, Wisconsin single family homes sales in the First half of 2011 fell behind the First half of 2010 as expected.  So what has been going on since July 1, 2011?

Home sales have surpassed the number of homes in 2010 for July, August, September and October by about 30%.

In fact, Single Family home sales for the last three months have increased from 314 to 407, a 30% increase!

Better yet, home prices have increased 4%, this year over last year!  This is the 1st period where we have seen home prices rise in our Market Place since the recession began three years ago.  Three months does not mean the market is well.   But, it may be a sign that there is some stability and maybe even that prices have bottomed out.

It is a great time to buy with good prices and low interest rates hovering around 4%.  There is nothing quite like owning your own home!

Good News for us!

 

Jerry Morse, Real Estate Broker

The Morse Company, 608 754-5300

jerrymorserealestate@yahoo.com

Source:  Rock Green Realtors Association MLS

Comments (2)

Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Jerry. Great upbeat and positive information. Simply stated and easy to get: well done. I hope we are moving in your direction.

Nov 15, 2011 01:27 AM
Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Jerry -- You are so right about the return to actual market conditions after that tax credit artificially inflated sales. Glad to hear your market has all good news to report. The bottom may very well be in your rear view mirror.

Nov 19, 2011 06:08 AM