Once again we listed slightly more homes than we sold, but the margin is low. Median price remains about the same. Although these numbers are slightly lower than we might like, the fact that they are consistent is encouraging. A gradual, consistent growth is more likely to sustain itself.
| Week ending |
Newly Listed |
Back on Market |
Price Increase |
Price Reduction | Under Contract |
Closed |
| 17-Aug | 65 | 13 | 2 | 24 | 65 | 43 |
There may be some more good news coming also. The fed and FHA are talking of easing time restraints for people who have suffered catastrophic loss but otherwise have maintained good credit profiles. I will do more research on this and report my findings here.
Prices seem to be stabilizing, and interest rates have not changed significantly in recent weeks. That means this is an excellent time to buy. And since more buyers are available, it is also a very good time to sell!
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