Are sales expected to improve in higher priced homes (over 350K) in 28546 area after 1st of the year?
All the homes in this area for sale have been on the market a LONG time w/price reductions and the few sales have been "super buys" from desperate sellers who have left vacant homes.
Dear Dee,
I am sorry to say that I would predict that home prices in any market under 1M will continue to be depressed for most of 2009. Some real estate markets are seeing a leveling off, but normally people across the market are accepting less than the price they had hoped for. Our economy continues to show signs of weakness and until the new president is able to put confidence back in the markets and until the economy is stimulated, thinks will continue to be slow.
Let me know if you would like to discuss further.
Terry Molnar/Marian Schaffer
Terry@marianschaffer.com
877-886-8388
http://www.southernwayoflife.com
It would be difficult for any real estate agent to predict the future, Contact an agent to do an automatic search on your behalf where you are updated.
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