Buyers Market

We've been enjoying a roller coaster real estate market. It is certainly a time for buyers. The median price home is more affordable. It has dropped by 25.6%. That is $364,000 - an astonishing figure. This represents the largest one month decline in 20 years. The short sale & repos are still the favorite commodity. However, I have noticed an upsurge in interest in properties listed by "traditional sellers", because some people don't like the volatility of the short sales & repos. The future is looking brighter. Sales were up 11.5% from June & 10.5% higher than a year ago. Great programs with either 3% or 5% down are really fueling the market. Finally if anyone needs help with short sales or lowering their property tax email us @ patti@mckelveyrealty.com or call us @ 619-409-8505.