Want some GOOD NEWS in Forsyth County??????

Getting stats and numbers from places like Smart Numbers (Steve Palm) and Brokermetrics can sometimes be tricky but digesting it and putting into words is another. My mind can start wondering when too much information or TMI is given so here is some good news from these sources for Forsyth and our market in general.

Quoting Steve Palm's letter from 10/21/08 he states the following:

"Are you ready for some positive trends? Believe it or not I am about to share a few with you. First, after 18 consecutive monthly year-to-year percentage closing declines for all single family we will have an increase. September had a 4.1% decline from September 2007, but after lags are reported, we will be positive.

There are two fundamental reasons that explain the increase. The first year-to-year significant percentage decline was September 05-06 and the largest year-to-year percentage decline during our downturn was September 06-07. As you can see, we are working against a very weak September 2007 result.

Second, the average price for September 2008 for all single family was the lowest since November 2001 and also the greatest percentage year-to-year decline for an average sale price on record, 16.9%. A very clear indication of capitulation, but also a sign that even under very adverse economic conditions, if the price is right buyers will buy."

THEY ARE OUT THERE FOLKS!!!!!!!!!!!Just gotta get those prices down and condition up to reel 'em in!

In September 2008 Forsyth had a total amount of sales (closings) of 183 homes with an average of 100 days on market and a sales price to list price percentage of 94.6% (this is calculated at the final list price, not the starting list price). TOTAL single family detached homes months supply in the metro area is at 14.7 months, down from a high of 15.1 months this past August.

Mr. Palm thinks we are at the bottom, do I??? Yep, I think this is it--we will see an uptick after the election and there is pent up energy out there--people still need houses to live in, Americans will adjust to our new economic reality, suck it up and perservere as we have in the past.

I for one have turned to reality programming and not the news feeds, they make my head ache and raise my blood pressure. And hey--gas is under $2.50 a gallon, I am already saving over $50 a month over last month so I think I am going shopping.............