Finally…Sorry it took so long in July to get out 2nd quarter stats. I would like to have had this done a little sooner… In Douglas County for 2008 we had 15 sales in the 2nd Quarter totalling$6,834,775 with an average sale price of $455, 651. In 2009 we had 15 sales in the 2nd Quarter totalling …
It has been a very interesting year so far. As predicted, it appears that this market may “trough” out in 09. At the present rate of reduction in sales activity, we could end the year with sales numbers comparable to 1997/1998. Overall, sales activity for the 1st half of the year is down 21% in the residential market…
Reading the National Association of Realtors Existing Home Sales data, I see potential and a great future. The pricing was headed for a correction: in 1994 the median price of an existing home was $107,200. In 2006 it was $221,900, in May 2009 it was $173,000. It is a little early to tell what 2009 sales…
June’s modest increase in single-family housing starts is a pleasant surprise and reflects some slight improvement in the housing market. Starts likely bottomed out earlier this year when the extreme lack of credit drove single-family starts to modern era lows. That earlier drop in home building brought new construction below demand, creating an opportunity for…
I’m reading this report where economist Robert Reich was asked that question. He said, “Recovery isn’t going to happen, period. The economy can’t “recover” because it can’t go back to where it was before the crash, Reich said. So, instead of asking when the recovery will start, we should be asking when and how the new…
In reading the report from the Alexandria, MN City Assessor, it is clearly evident that the volume of sales has retreated from it’s record highs. What is most interesting about all of the data is that the median sale price is up from 2002 about 35%. Another interesting comparison to that is the U.S. Census Bureau’s…
