I’ll share a full pantry of detailed reports in the next couple days. In the mean time, take a look at this By Price Range report.
We’re seeing growing buyer and seller activity. Written contracts were 3 less than January 2009. Active for-sale inventory is down 5.25%. Inventory is currently at 776, last year, same time, 819. No big deal, like I said, activity is beginning to pick up, buyers are setting viewing appointments and sellers are prepping their homes for sale. Last week we had an Open House Blitz (our next one is scheduled for February 21st.), our agents reported anywhere from 3 to 27 people touring their Open House in a 2 hour period. Total traffic count peaked at just under 200 people,
I’m thinking that the threat of higher mortgage rates, a time limit on the Homebuyer Tax Credit and expiration of leases, the next 120 will be brisk. I believe this article from Business Week speaks loudly – If You Don’t Buy A Home Now, You’re Either Broke or Stupid.
Here’s what it looks like, you can download the .PDF version HERE.
If we can help you with anything real estate related, call me – Ken Brand 832-797-1779.