OK it is April the 3rd and I just looked at the numbers for March of 2009. I was really hoping it was just me having the bad month but I was wrong. Despite what I have read about the country's real estate market showing an increase the numbers from NCMMLS show me a different tune in Henderson County.
Comparing March of 2009 to March of 2008 here we go:
Transactions for residential real estate totaled 62 in 2009 vs 112 in 2008 and 168 in 2007. so 2009 had 45% less then 2008 which was about 34% less then 2007! The volume was down about the same percentage and the days on the market went up to 130 days. The average sale price is also on the decline with March average sale price below $200,000 at $197,622.
This is truly a buyers market. If you are a seller and need to sell please follow my advice from a previous post. If you are a buyer with the interest rates below or around 5% WHAT are you waiting for? Either way if you want to buy or sell give me a call I would be happy to help you!