Monday, February 21, 2011

Third Monday Market Update

Good Morning,

 

THE GREAT: We are continuing to see signs that things are getting a little better. We are currently 33% ahead of our year-to-date sales compared to 2010 (residential); and also ahead of 2009. Another interesting note, we are closing the gap on our 2007 & 2008 year-to-dates. Residential sales are only 34 sales behind 2008 year-to-date.

 

THE NOT AS GOOD: Our Absorption rate is a little higher than two weeks ago. And, even though the above figures look great, current sales are at a lower price than any of the previous years.

 

FYI: In the next week, we should see the addition of sold listings into our database. This will cause March sales numbers to be off basis. We are going to have to adjust to these new figures. Even though this will create a learning curve, the most important facts and figures are the current Under Contracts, and the more favorable year-to-date statistics.

 

Regards,

 

 

Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top Listing Agent for 2009 & 2010
Direct 828-406-2134

Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!

 

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