First Monday Market Updates

Current numbers are beginning to show signs of a better market ahead. With several more months left in the “selling season” we are all keeping our fingers crossed that we will have a productive third and fourth quarter. Our inventory numbers are still very high, but recent sales and recent contracts have shown a good indication that we are starting to overcome this recession. Charlotte has already seen their sales prices increase in the past month (with still a long way to go to recover from the losses, about 12 more 1% growth months). We do not base our numbers off Charlotte’s or any other areas, but it is a great indication of what we should also be experiencing.

 

Feel free to email or call me for a copy of our market’s inventory numbers, also known as Market Absorption Rate (ARP).

 

Marc White

Marketing Specialist, ABR, GRI, ePro

Broker/REALTOR

Direct 828-406-2134

Marc@CedarFallsRealty.com