This came out today about the increase in existing home sales, we have noticed here that our inventory is shrinking and thus I personally feel that we are at or have begun to pass the bottom. There will still be lots of deals with foreclosures, etc, still coming on the market for the next year or so thus prices will not escalate but at least buyers are back in the market and gas prices are way down. Here is the quote:
The only economic news released today was September's Existing Home Sales data from the National Association of Realtors. They reported an increase of over 5% in home resales last month when the report was expected to show an increase of approximately 1%. This means that sales activity was stronger than expected last month.
So call me or a member of The Wertan Team today if you are considering selling or buying a home in Charleston, SC, anytime soon, Thanks, David Wertan of Re/Max
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