Powerful Numbers Adding Up Big Changes!
With A constant negative drumbeat in the press it is hard to imagine that there would be any good real estate news to report. But the reality is big changes are transforming the market place here in the Coachella Valley. Look at the sales comparisons for May of 2008 and May of 2009
In May of 2008 there were 12,318 homes on the market for sale.
In May of 2009 there were 9,996 home on the market for sale.
An inventory decrease of just under 20%! In the meantime sales have increased 24% and the number of homes under contract has soarded by 66%. With 1,307 homes going into contract in May of 09 compared to just 789 in May of 2008.
With 2003/2004 pricing and low interest rates many people have made the decision to not wait any longer to get their place in the sun. Be sure to check out the very rewarding first time buyer programs and tax credits, which provide icing on the cake for todays buyers.
