Market Summary for September 2009

Here's the market summary for September and we're still seeing some minor downward pressure on pricing as the REO's and short sales are snapped up. Although there "reports" that another wave of foreclosures are on the way, it doesn't appear that there are many on the horizon here on the Coast. But, as we've seen, things can change quickly and drastically.

The good news is that sales activity is up more than 20% over last year at this time and that could help stabilize prices.