Indio California sales and pendings February 2008

I did a search and came up with some interesting statistics. In what the media calls a dead market, sales are strong. Of the 134 homes going into contract or sold last month, almost a third of those did so after being on the market under 30 days.

What does this mean for the buyer?

• Prices are in the range of many more buyers now.
• Lower prices can mean lower down payments, closing costs and taxes.
• Banks are loosening up their criteria to create new loans.
• Properly priced homes are selling. The home you like today may be gone soon. The days of sitting and waiting are slowly going away.
• The time to start looking is now, while prices are low.
• Interest rates are still affordable.

If you have any questions about homes available in our market today, please feel free to give me a call or send me an e-mail. I love working with buyers to help them achieve their dreams of owning a home!

-Mark

General disclaimer: All information retrieved from Desert Area Multiple Listing Service is deemed reliable, but not guaranteed.