As you probably recall August of 2007 was the start of the big Real Estate slowdown. We can track the decline in sales and prices back to that point - at least here in the Desert Communities of Palm Springs/Palm Desert.Well things have started to turn around from a sales volume standpoint and two years later we are seeing a big difference in the numbers. Please see my examples below:
October 2007:
Homes Under Contract: 350
Homes On The Market: 8,129
October 2009:
Homes Under Contract: 663
Homes on the Market: 5,519
While no one is probably prepared to declare "all clear" & no problems in housing a declining inventory with increasing sales means we are at least headed in the right direction.
For more market stats and Real Estate informationplease visit my website at www.PSagent.com
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