Thursday, April 24, 2008

Q. Are there any positive improvements to the local real estate market?
Yes, there are several:

1. Homes sold per Month are increasing. The past 3 months there were 15.3 sales per month. We currently up to 23.0 sales per month.

2. Pending Sales are up. In February there were 23 homes awaiting closing. There are currently 43 homes awaiting closing.

3. Buyers are still uncertain of making a real estate investment & fewer buyers qualify for a loan under the stricter lender guidelines. The good news is that the current buyers are
more qualified and the chance for a successful closing are higher than ever!


4. Coldwell Banker properties are being viewed more. We track the number of showings on our office listings. There were less than 100 showings per week back in January. We are now up to almost 180 per week now.

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