The numbers are in for July and they aren't impressive. We've had little movement in the median price over the last year with little ups & downs along the way - this month is one of those downs. A big contributor to this decrease in price is the lack of activity we've seen during the early summer months. We don't generally see the predictable periods that many places experience (lots of activity in late Spring/early Summer) but momentum seemed to be headed that way. It didn't continue and we can only hope for an active Fall & Winter in 2010.
That said, interest rates are still at or near historic lows and money seems to be loosening up a bit as banks get caught up after the foreclosure onslaught. I guess they need to get back to the business of lending money again. It's a great time to buy.
If you have any questions or comments, don't hesitate to call or email via my new contact information:
Artisan Sotheby's International Realty
(707) 481-8474 or steve@coastalagent.com
Here's a new and improved version of the market report.
No comments:
Post a Comment