Prices are showing signs of stabilizing, according to NWMLS data. Close in markets are the most active, with rural areas still lagging. Commenting on a recent report from the National Association of Realtors showing a third consecutive month of improving pending sales, buyers are responding to very favorable market conditions. “Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market. Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers.”
May sales statistics are in. Here are the figures for Mason County:
Active Listings - 182 in May 2009 vs 209 in May 2008; Inventory down: 15.06%
Pending Sale Listings - 73 in May 2009 v
s 78 in May 2008; Down 6.41
Sold Listings - 56 in May 2009 vs 67 in May 2008; Price drop -14.15%
(Blogging from this location)
s 78 in May 2008; Down 6.41
