The charts below tell the story… The peak of the market was September 2007, with the highest average sales price AND the fewest number of homes selling. That’s when the gig was up. 2008 was punishing, we limped along in 2009 and in 2010 we finally seemed to get our “boat legs”.
2011 is starting of with a bang! People are interested in real estate again… now we just need some good inventory at eye-catching prices. Inventory (the selection of homes on the market) is very low, so if you are thinking about selling, there isn’t very much competition right now.