Hey, everybody, my May Current Market Conditions Report is posted. Things are starting to look up. There were 36 closed single family sales in the Sullivan MLS in April, compared to a devastating 23 in March. Sales and prices both continue down from a year earlier, but remember that early to mid 2007 was the peak of the market. The median sales price for the 3 months ending April 30th, at $150,000, is statistically equal to March’s $150,750, and the average actually moved slightly upwards to $207,657. Buyer interest was up in April (I had a full appointment schedule most April weekends, and yes, actually made some deals.)
I’m almost hesitant, though, to post anything here that the picture may be getting brighter, only to be slammed, beaten and clawed by the sky-is-falling pessimists. Maybe that should be a new blogging sport, "Extreme Pessimism". But I’m calling it as I’m seeing it, and right now it sure looks better than it did in January.