The chart below tells the story, and it isn’t pretty. Prices are down to where they were in 2002 and volume… well, let’s just say that the current market makes the aftermath of 9/11 look like we were going gangbusters.
If you have been thinking about buying, now is a good time. I see great deals come on the market every day. Of course, the really screamin’ deals are getting snapped up in multiple offers, so be prepared for that.
Otherwise, there are some very nice, if not overpriced, homes that are just waiting for a qualified buyer to come along and show ’em the love.