Contrary to what you are reading and hearing on the news, our market is much stronger than the national market. Real estate is cyclical and, more importantly, local. Nationally, many areas were experiencing double digit appreciation, while we had only modest gains. Those areas with the very high appreciation rates, are the ones that we are reading about dropping so dramatically. Take a look below and you will see continued, modest gains for the most part in
Another factor in pricing is Inventory. Nationally, accounts of swollen inventory are causing decreasing prices. The inventory in our area is actually the lowest that it has been since the end of 2001.
Posts
