Evidence That The Slowdown May Be Over

Well before you’ll hear about it in the newspaper or in other media, the best barometers for the immediate and forthcoming real estate markets is the activity of local Realtors. While it’s been long in coming, there has definitely been a noticeable increase in activity level this past week.

~Phone call volume is up

~Internet hits are up

~Internet lead volume is up

~E-mail inquiries are up

~Since Friday 2/9/07, here’s what I’ve been up to:

Sold a house priced at $1,999,900

Sold a house priced at $1,740,000

Sold a townhouse priced at $459,900

Had a buyer client scheduled to see a $2.35M home for the second time (two days after it was on market) with the intent of writing an offer, but it SOLD before we could get in and the seller knew we were coming back for a second look and did not wait for us to present our offer.

Affirming the notion that stabilization is occuring in home sale son a national basis, here’s what the National Association of Realtors had said last week…

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