I first want to start and apologize for the tardiness of this update. Over the weekend, my wife and I moved our home. Now that the weekend is over, everything is back to normal. Thank you for understanding.
The number of properties that are under contract continue to rise. Normally, we see a lull in the market between Easter and Memorial Day, but this year we have seen tremendous traffic during this time. Some of this was built up energy from the long winter, and others were looking to take advantage of the tax credit. We still see signs of the market growing very slowly.
Until summer gets into full swing, which will be shortly, we will not have a great gauge on the market for this year. The greatest indicators so far this year is the number of properties under contract. Currently, there are 103 homes under contract that are listed for less than $400,000. There are only 17 priced higher than $400,000. Also, only 1 house is under contract above $700,000. This is not abnormal; the higher price market usually begins in the middle of summer and continues through fall.
Regards,
Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top 10 Listing Agent for 2009
Direct 828-406-2134
Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!
