The GOOD NEWS IS: Germantown has experienced increasing sales for 4 out of the last 6 months. The numbers for September and October were slightly below the 2007 sold numbers.
October Sales in 2008 were 5. This was a slow month. The election may have had this effect. The stock market tanking may also have had a little to do with it.
New listings in the last 3 months were down form last year. Since January we have seen 18.5% fewer homes coming on the market than 2007.
This indicates the market is getting better, with fewer homes in inventory and a little quicker sales for the properties that are on the market.
Current inventory is 52 homes on the market. This means that there is more than10 months of inventory on the market currently indicating that it is still a "buyers market" in the marketplace.
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Information provided by April Hayden-Munson Your Real Estate Expert
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