Do you see the light at the end of the tunnel? Let's take a quick look at the numbers.

Posted by: josh

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As the Broker for Call Realty, many will ask me if we are finally on the rebound.  For a long time, I couldn't answer that question without taking an estimated guess.  It's exciting now to look back one year from now to compare numbers.  By comparing these numbers we can clearly see the real estate market rebounding.  Although home prices have dropped from September 2008 to September 2009, many positive changes have occurred.  Retrieved data is from the Arizona MLS.  (All figures are estimated and not guaranteed)

  • September 2008 - 68,000 properties for sale, 5,358 under contract, and 6,071 sold.  
  • September 2009 - 50,133 properties for sale, 7,841 under contract, and 7,965 sold.
  • Properties for sale have dropped -27%, under contract rose +46%, and sold rose +31%. (Note: these percentages show the change between the month of September 2008 and the month of September 2009).

All of these numbers shown above represent positive movement in our real estate market.  So, is now a good time to buy?  I am confident in saying YES.

 

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