The Media and Their Real Estate Reports

For some reason the media continues to hammer on the real estate industry as if what is happening in Phoenix, Las Vegas or Naples is actually happening in EVERY market throughout America. Those of us in the real estate industry understand that this is not the case but for some reason it seems that many in the media want to lump all housing markets into a single market. I believe in the idea that real estate is local.

I have real estate friends in Phoenix, Las Vegas and Naples and my friends shared with me that it wasn't that many years ago that they experienced double digit appreciation in a single year. During the years when these 3 markets saw massive appreciation Knox County Ohio on average only saw single digit appreciation. This is another example why I say real estate is local. The good news is that since our local market didn't see massive value appreciation...we didn't see the huge price drops like Phoenix, Las Vegas and Naples did.

ActiveRain real estate agents can help us prove this point beyond a shadow of a doubt if you can just comment on this topic with two simple statistics and your location/market area.

1. What percentage was your local housing market up or down in total closed home sales during the first 6 months of 2010 compared to 2009?
2. What percentage was your local housing market up or down in total closed dollar volume for homes sales during the first 6 months of 2010 compared to 2009?

Here are my local market statistics as an example:

• Market Area: Knox County Ohio
• 17% more homes SOLD in 2010
• 15.3% more dollar volume SOLD in 2010

Please spread the word and let's try our best to get as many markets represented as possible.

Thanks,

Sam Miller of REMAX Stars Realty www.SamMiller.com

P.S. If you share your market area and your two local market statistics you are welcome to post a link to your website within this topic.