With the Year just about over, we are finding that Sale Prices are about what they were in 2004.
The number of sales are down about a third.
For Sales, Sellers have been averaging about 93% of their asking price.
It certainly is a good time to buy with interest rates hovering around 5% for fixed rate mortgages; first time buyer's may still be able to qualify for the $7,500 tax rebate until about June of 2009.
It may also be a good time for sellers to put their homes on the market, because seasonally some have come off the market and I think you will see renewed interest and activity once the New President and staff take office. Plus tax return money will be available.
MAY EVERYONE HAVE A HAPPY HOLIDAY SEASON!
JERRY MORSE, REAL ESTATE MARKETER.
608 436-6858
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