Heartland Multiple Listing Service has published it's end of the year and December statistics. The great news for our market is that home inventory is down and sales are up. The kick side is that it appears off the cuff that overall average sale prices have gone down compared to 2008 due to the foreclosure rate. What you, the consumer, need to be aware of is that the market is still very localized and home values will vary greatly from neighborhood to neighborhood.
Here is a link to the full report: Download HMLS December 08 Stats
January is seeing an increase of buyer activity as people are taking advantage of this buyer's market. The good side of that for people who are selling their home is that there are more buyers out there than in the past two years.
If you are concerned with how your home fits into these numbers, or how you can take advantage of the opportunities this market offers, you can contact Anita@IntegrityRealtykc.com to schedule a free, no obligation consultation.
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