First Quarter Blues

Well, the numbers are in and they're not the greatest. Look for a future blog for my morning with Lawrence Yun, Chief Economist for the National Association of Realtors for more insight.



The numbers are from the area's MLS.



Number of Units Sold: -12.4% 3 years of fewer transfers.



Average Sale Price: -13.6% If you purchased within the last 5 years, not a good number.



Dollar Volume: -24.3% Alarming at first but it point to the fact that the average buyer is not shopping during the winter months and with the abundance of foreclosures, investors feasted.



Again, depending on where you are in the Real Estate Cycle, you are either in pain or smiling from ear-to-ear.