Here are the real estate market sales numbers for July, 2009.
Keeping you informed ...
Our local Keller Williams offices gathered together this morning at the Board of Relators in Palm Desert for our monthly sales meeting. Heath Hilgenberg reviewed market activity here in the desert. While Keller Williams was #1 in sales and volume again in June, the really important part of his message was the vibrancy of our local market.
If you missed my blog report of last week, the highlights are worth repeating:
1. We have had four consecutive month of increased sales activity.
2. Inventory is the lowest it has been since December, 2007.
3. Last month, the prices of homes showed their first increase since December, 2007.
The bottom line is prices have bottomed out and may be poised to begin increasing.
We are returning to a more "normal" market here, which is good news for all.
Sidenotes:
Our preferred lender, Franklin Loan Center discussed the latest news in financing. Obtaining credit to purchase a home can be challenging. If you have any questions or concerns, please contact me for assistance.
Two local appraisers addressed our group and spoke of their challenges reporting to banks and explained how we can help them and our clients with improving accuracy in appraisals.
The temperatures are well over 100 degrees here in the desert and the real estate market is hot as well. Sales continue to flourish. The last four months have been outstanding.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved