What The Real Estate Market is Doing in My Neck of the Woods!

I am a real estate agent in South Carolina and I live in the middle of two towns - Lake City and Florence. The MLS that I am a member of includes both towns. Florence is definitely the larger city with a population of around 30,000 and Lake City with a population of around 7,000. The following stats compare Lake City and Florence sales in the residential market so far this year

(January 2008 - May 2008):

Town Class # Sold % Sold Avg. Price DOM

Lake City RE 9 32.14% $83,811 142

Florence RE 303 45.22% $176,613 88

There has been a decrease in both the volume of sales and the percentage of sales in my area. With the slump in the real estate market I have been working hard on developing my own personal website - www.teresamcdonald.com . The website my office has does not get much attention so I wanted to do a more dynamic site where I can share my quarterly newsletters and other information I pass on to my clients.