Quincy Real Estate Market

The numbers are in for the first 4 months of 2008. All numbers are for the period of January through April of each year. Total closings in Quincy and Adams County to date for 2008 was 192 compared to 251 in 2007 and 216 in 2006. Total value of closings to date in 2008 was $19,500,000 compared to $28,200,000 for 2007 and $23,500,000 for 2006.

Now the question. Do the above number reflect a slow down in the local market? Are they somewhat weather related ( This winter was rougher than some in the past). Is a slow down the result of national news media talking daily about the housing troubles?

Probably the answer lies in a combination of all the above. Buyers are still looking, but maybe a little more picky. It seems to me that part of the problem is that there are not a lot of homes to choose from. In other words, the number of listings is down.

The Quincy/Adams county market is still good, not excellent, but good. Call me or email me and I will be glad to discuss both the positives and negatives of the current real estate market.