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Catching up...

Wow! it has been a little too long. Have I been busy? Yes and no! Since my last post I've been on a 2 week Route 66/Vegas vacation that was awesome! I'm continuing to stay in touch with prospective buyers, most who have homes to sell before they can buy. I'm steadily maintaining my current listings and trying to figure out creative ways to move them. I've been fairly successful in getting price reductions as needed, but in some cases, still can't compete with short sales and pending foreclosures in the area. Here's a picture of our current market:

1/6/2009 2/9/2009 3/16/2009 4/6/2009 5/6/2009
Available Inventory 449 426 419 414 424
# Homes Pending 39 48 49 46 48
Closed Sales 19 15 30 18 24
Absorption Rate 23.63158 28.4 13.96667 23 17.66667
Active Bank owned, foreclosure 31 30 31 35
or Short Sale situation

I have a closing next week that I'm trying to prepare for and working on a couple of leases. Still plugging along and plan to hang in there! Hope you will too! Take care.

Posted Thursday May 21