Pended sales continue to soar, and all price ranges (with one exception) continue to show inventory decreases over prior year. The properties that are moving are the ones that are priced to the current market. As Cindy Carroll told us a couple of weeks ago (Carroll & Carroll Appraisers), a short sale or foreclosure IS a comparable, and most definitely will affect market value of other homes in an area. 2005 and 2006 are gone forever, but there is immense opportunity in the new market!
The following link will enable you to access a print quality version of the report.
http://www.myjrw.com/documents/Forms/MarketReportOCT2009.pdf
Dottie Babcock, CCIM, CRB
Chief Operating Officer
John R. Wood Realtors
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