-we discussed some in house policies
-the inventory keeps coming down, at 1785 total in Dec, two years ago inventory was 2900.
-about 150 homes a month are selling
-the 3 month moving average is stabalizing at around 12-13 month supply of homes.
-trend indicator for December 09′ says 226 homes under 100k listed and 226 sold, 392 between 100-199k, 337 sold, these two ranges are still real hot right now and not many left in Martin, 294 between 200-299, 184 sold, 252 listed between 300-399, 84 sold and 148 listed between 400-499 and 29 sold. keep in mind Dec usually is a slower month with the holidays and family in town but still we had good activity.
-we toured 7 new listings, now is the time to put your house on the
market, buyers are out there and are feeling very impulsive that they are going to miss the great deal. Martin is at the bottom of the market for sure, a few pockets are still bouncing. Please dont hesitate to call me if you have any questions, thanks and look for next weeks PRG sales meeting notes!!!