- The number of sales for residential resales were up 7% last month, although, unfortunately prices continued to fall
- Inventory for resale homes on the market is the lowest since June 2004
The infallible law of supply and demand allows us to be cautiously optimistic with this news. If supply is getting lower and demand is improving, prices will improve. Think about this seriously though if you are considering buying. Knowing what you now know, there is no need to "wait" to see what happens. It's a great time to buy before prices start creeping back up! Call me today if you are considering buying. There are still good deals to be had and I know where they are ;) j
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