Monday, August 6, 2007

Fletcher Heights Area Market Review: August 2007

The last few months haven't given us too much to talk about from looking at the data and charts. There just hasn't been a big change in the numbers, the trending, or the general activity levels. On one hand that's pretty good news; for awhile the only news we had was that of a downward trending market. At least now we've developed some consistency – no major increase in listings for sale, and no major fall-off in prices.

Here's what I'm seeing when I pull data from the last six months:

Overall our activity levels are faring better than some other parts of the Valley. Houses are moving fairly quickly on the lower end of the price range, and that makes up more than 50% of our Active Listings. On the other hand, that 84-month inventory in the $475k - $550k range sticks out like a sore thumb; I would think long and hard about whether or not I had to sell if I was considering selling in this price range right now..

Your still waiting to share some exciting news about the market realtor,

- Chris Butterworth