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 Real Estate Blog 
Tuesday, January 06 2009

 

In our continued quest to keep our customers better informed about current market conditions, we have decided to publish a monthly news letter with pertinent facts concerning our industry. We will simply call this letter Market Watch.

Welcome to 2009, the year of Real Estate Recovery.

 

If you have been following the national media you might believe that the world of real estate has ended forever.

NOT TRUE

 

Many of the real estate markets hardest hit in California, Arizona, Nevada and Florida are already recovering.

 

Lets review some FACTUAL information about the market that matters most to you; The Tri-State.

 

1)     Sale volume in 2008 VS 2007 in our Multiple Listing Service declined   19.2 % (at F C Tucker Emge our sales volume only declined  12.2 %).  These numbers are substantially better than the numbers you have seen in the national media.

 

 

Other relevant facts for our market for 2008 were:

1)     Days on market  103 (December 114)

2)     Sale price as a percentage at list price.  95.6%  

3)     Average sale price 119,219.

4)     Months of inventory currently listed 10.4(Dec.)

(Number of listings ÷ number of closed home sales during the same month.)

We will try to keep you updated monthly with some relevant information and facts about our market and we promise we will have some good news in next months report.

 

In the meantime please call me at 812-499-9234 for all of your real estate needs. 

 

 

Posted by: Rolando Trentini AT 02:25 pm   |  Permalink   |  Email

The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


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