Friday, August 07 2009
I continue to see improvement in the housing market on both a national and local basis. The national pending home index (a forward looking indicator based on signed contracts) increased for the fifth consecutive month in June. This is the first time this has happened since July of 2003.
Locally sales have been very consistent for the past three months averaging just under 400 closed transactions per month. Keep in mind our multiple listing service only had 197 closed transactions in January, so one can see how much the market has improved. I believe that sales will remain fairly steady for the next several months. Even though sales have doubled since January we have not significantly increased the number of homes currently listed.
In mid January, our local multiple listing service had 2968 active listings and in mid July the number had only increased 4% to 3080 active listings. If you are thinking about listing your home buyers are looking. The market is still stronger for homes listed under $150,000 (partially due to the $8,000 tax credit) but we are seeing signs of improvement in more expensive homes also.
We are constantly looking for ways to improve our web site and just recently enhanced our Property Compare function. Now you can compare as many homes as you want side by side from practically anywhere on our site. Go in a give it a try. FCTUCKEREMGE.com is also the best place to get detailed information and pictures about open houses. You can also acess all seach functions under our own website at www.TheTrentiniTeam.com
I’ll send you another update next month after school starts but please call if you have any questions in the meantime.
Please feel free to call me at 812-499-9234 if you have any troubles with signing up at the Tucker or TheTrentininTeam website.