Let’s take a quick look at the No. of Properties for Sale vs the No. of Properties Sold.
For many, the real estate residential market peaked April 2005. As of the end of August 2007, the number of properties listed for sale has increased 398.8%… 4 times more inventory. At this pace, inventory increases at a monthly rate of 4.91%.
On the other hand, sales are -62.6% lower for August 2007 vs April 2005.
These are the monthly numbers…
Real Estate trends, Property Taxes, Insurance espenses, slowing economic growth, elections next year….
Bad news all, not really. Chaos means opportunity… start doing your homework.
We foresee plenty of buying opportunities in the coming months!!!
