Although in January 2012 our market was down 27% compared to 2010 & 2011, we saw a surge in sales for February that put us back on track with the previous 2 years. The good news is that any declines in sales or sales price are not drastic at all. This could indicate a normal and stable market fluctuation.
The average sales price for 2012 is $238,303. When compared to previous years, the market value of single family homes in our area has not bounced back yet, but they seem to be stable enough to safely say that the bleeding has stopped. Where we go from here is up to law makers and the market (consumers).