Home sales numbers

Posted On March 22, 2011

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February was not a favorable month in the housing market recovery.

NATIONALLY there are more housing on the market and fewer selling, months of inventory is up. The average price was down 1% for the month. The estimated decrease in value for the year is 5%, so one percent for one month is more than twice the rate expected. Take a look at the graphs: http://www.nytimes.com/pages/business/economy/index.html?src=busfn.

STEAMBOAT market is doing a little better. The single family home market is seeing a lot of activity with more property being bought and multiple offers. The condo market is still hurting. The article in the paper today: http://www.steamboattoday.com/eEdition/ on the front page quotes the county assessor saying market values could fall 20% between now and 2013. I am more optimistic than that!


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