Dramatic Stats
As you probably recall August of 2007 was the start of the big Real Estate slowdown. We can track the decline in sales and prices back to that point - at least here in the Desert Communities of Palm Springs/Palm Desert.
Well things have started to turn around from a sales volume standpoint and two years later we are seeing a big difference in the numbers. Please see my examples below:
October 2007:
Homes Under Contract: 350
Homes On The Market: 8,129
October 2009:
Homes Under Contract: 663
Homes on the Market: 5,519
While no one is probably prepared to declare “all clear” & no problems in housing a declining inventory with increasing sales means we are at least headed in the right direction.
For more market stats and Real Estate informationplease visit my website at www.PSagent.com
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