It's the question everyone is asking nationally. How bad is the real estate market? Never forget the old saw: "All real estate is local." And statistics released today can help put everything in perspective.
According to the Southwestern Illinois Regional MLS, the average sale price on a home in our region fell by just two percent between April 2007 and April 2008. The average number of days a home stayed on the market rose from 122 in 2007 to 130 in 2008 and the list-to-sell ratio is at 95 percent versus 97 percent in 2007. All in all, not the dire drop discussed in the media.
So what are you waiting for? Call me and let's buy or sell something!
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