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Metro Area Housing Statistics.

Market changes drastically from last year with pending and closed sales up significantly from this time last year.  Expect prices to show a slight bump due to frenzied first time buyer activity trying to get into a home before the now extended tax credit was to expire.  The volume of first time buyers entering the market and purchasing foreclosures at break neck speed with show as an aberration in the coming months as the rush will be over and we will enter into a seasonal slow down.  However, if your considering selling your property this summer, you may want to push your time frame up to earlier in the winter/spring market. Expect listings to start increasing in February.

 

Posted Friday Nov 06