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"The
market finished as expected for 2008, with closings following the same trend
curve as the prior three years. Closings improved by 6% in December compared to
November 2008. Overall for the year, Williamson County residential closings
were down 32% compared to 2007 and the median price remained steady, with only
a 4 percent decrease compared to 2007. When comparing 2005 and 2008, median
home prices have increased 27 percent. When comparing our local market to the
rest of the country, we have performed much better than many other areas.
Several areas are experiencing median price drops that brought home values back
to their 2005 rates; our area has far out performed that metric We still
continue to have great communities with tremendous stability and promise. We
expect 2009 to remain consistent with 2008 with an increased volume of
transactions towards the middle of the year and an overall increase in
transactions by the end of the year." said Diane Johnson, 2009 President
of the Williamson County Association of REALTORS®. Download December 2008 Home Stats |
Well, hopefully things will pick up now that we know what the stimulus package looks like and the weather is turning warm.
The stimulus isn't as good as what many of us had hoped for but at least it will give first time buyers a boost and they can free up sellers to move up, down or around the market.
I have a post on my blog that I started to help sell my house where you can get the details of what will finally be signed and download the pertinent section of the committee report.
Cheers!
Posted by: Mark Riley | February 13, 2009 at 04:17 PM