March Facts & Figures

Nice to have that very slow calming of the real estate market. Makes it easy for the market to adjust, in Tucson we saw prices fall off a cliff from June 2007-January 2008 some areas dropped 10%-15% in what seemed like overnight. Phoenix was even worse and that is still in a freefall sort of trend.

Thanks for the stats Eric – I was watching the news a day or so ago and they mentioned some of the same things, but put it in the worst way possible (no surprise). 5% price increase is better than a decline – good news for the industry.

Is the sales volume decrease over February? If so, do you know what historical figures look like…. it might not be so bad.

Sales volume decrease is comparing March 2007 to March 2008. It’s not good, but you have to remember that 2006 was a HUGE record breaker, and 2007 was just a little below that. So…21% down from a fantastic year isn’t that horrible.

Eric – very nice graphic presentation of the Austin real estate market. In the Naples real estate market, the past few quarters have been stable for median prices for homes sold. Pending sales are up – but probably due to the lag of possible “short sales” hung up in the loss mitigation departments of the lenders.

Hi Eric ! Thanks for those facts and figures. Sales volume has decreased considerably and hope it gets better next year.