The last month has seen the market do almost exactly what the newspapers and magazines have told us to expect. The number of homes selling has decreased over last year.

As the graph shows, this time of year has been sliding for the last several seasons .. however this year is especially bad.

More comments below ....

A Difficult Time For Reasoning ......

Statistics:

Sta-tis-tics - 1 : a branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data

The current real estate market is in a state of transition.

The key part of the definition above is "presentation of masses of numerical data"

We just don't have enough data to come to any reasonable conclusions.

It could be said that sales improved 25% over the month before ..... (January 31 - February 39) ... things are going great !!! while that would be accurate mathematically it would also be misleading.

But at the same time .. suggesting that the data indicates real estate is close to collapse would be equally off base.

The reality is the market is slow for a bunch of reasons, some will change some won't. And there are a number of indicators that say a turn around is just around the corner ....some we control some we don't.

The season, coupled with the economy and the Press have combined to create a very negative environment which I don't believe is a true reflection of the true feelings of the average consumer.

- There are tremendous number of people with solid, stable jobs.
- Interest rates are unbelievably low.
- Inventory is higher than ever - which creates a greater choice.
- Prices, while off a bit have been relatively stable for months
- We've seen more traffic at Open Houses, web traffic is way up

THINGS SHOULD BE SELLING ~ but they're not

Unfortunately - it'll take some time for everything to settle. In the meantime we'll have to hang on and wait.

I believe that in time .. People will come to realize that "It's not as bad as we thought" or "It's not effecting me as I expected" and will relax and start to get back into the market ... it's just a matter of time.

I've posted a video blog about the press and the market
Click Here
(The Real-E-Ality Show)

Please feel free to pass this off to anyone you think may be interested.

I always have time for your referrals ..

Comments Are Always Welcome