Happy Valentine's Day! I'm a little late this month with the latest market conditions report. I've been burning the midnight oil with the site redesign and tweaking and testing the new property search function. (That should be live tomorrow.) But I did squeeze in getting out a market report, 'cuz I know if it isn't up by the 15th I'm gonna get emails.
The latest data is pretty much a reprise of the last few months. Volume and prices holding fairly steady, buyer activity slow, continuing softness at the upper end. Kind of like being a tv weatherman in Lake Chapala, Mexico, where every day is spring like with highs in the low 70's, a chance of afternoon showers, and nighttime lows in the 50's.
The one thing to watch in the next couple of months is a possible trending down in the median sales price, from the low $130's into the low $120's. The median, on a single month basis, slipped in both December and January, although the average has been holding pretty steady in the $160's.
Please check out the latest Current Market Conditions report on the main site and then drop on back here to post your thoughts on where you see the market. I always look forward to the lively discussion after the report posts.
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