Finally … An Exciting “Up” Spring Market

Reviewing data for Montgomery County comparing May monthly activities for 2011 and 2012, shows some very positive market trends. Comparing May 2012, to the same month last year: with low interest rates and active inventory (supply) down sharply (~22%), prices are beginning to show some signs of stability and perhaps recovery. Average Sold Prices  show a healthy ~6% increase across the County. Again for May 2012, the Inventory of Active Distressed (bank-owned/short sale) Listings is down sharply (~50%) and even Days on the Market (DOM) improved over May of last year. Similarly, My Team has been experiencing a huge improvement in sales. I believe that we may be near a true market turning point. For the most current (daily) market information, see my Daily Market Snapshot Report, legacy.ciment.com/daily.

 

 

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Barbara Ciment, Realtor