Sales in the Tri-County area are down 37% in the number of homes sold and down 13% in price.  There is a little window of good news.  There are quite a few sales contingent or pending, so sales numbers in May and June may be up.

The bad news is the number of short sales and foreclosures on the market, which continues to rise.  This makes it harder for non short sale properties to compete. If you need to sell, you have to price well.  Experts have predicted that we won’t hit bottom until 2011, and we won’t see today’s prices again until 2014!

If you need some guidance in pricing your home, I would be happy to meet with you. Or get a “market snapshot” to monitor what’s happening in your area- the widget can be found on the home page of this website.