We just wanted to bring you a brief market update today, so you are aware on what we have been seeing in our real estate market, as far as numbers are concerned.
Compared to this time last year, the average sales price for a home is down 7% in our area. However, over the entire year we are up 1%. What does this mean? Things are see-sawing and I know I’m starting to sound like a broken record, but our market is still relatively flat.
We are seeing pockets of the country outpace us by a wide margin as far as total sales and sales increase of equity, but we are just not there yet. Expect to wait another year or more to see any substantial or significant increase in value and inventory movement.
