Commentary
Demand: We measured a 3% rise from the lows
over the last half of 2009. 2010 however is off to a terrible
start. Most observers attribute this to remarkably bad
weather, the kind not seen here in 50 years, with over 30 snow
events and 90 days of permanent snow cover.
At present rates, 2010 would measure another 33%
decline for homes, and an additional 40% drop for land sales.
This will not happen. However, 25% of the year is gone.
In another 3 months we will know how much the winter weather really
did contribute to a further decline, and if there is such a thing as
pent up demand to negate that.
Supply: Inventories are moving upwards in
terms of raw numbers. Combined with the poor demand, any
expression of inventories in terms of months of supply is fairly
meaningless at this point. For what it is worth, there are
currently 16.8 years of homes for sale, and 23.3 years of land in
Madison-Yancey.
Source: Regional MLS, deemed reliable, not
guaranteed.
Big Picture Chart Archive:
Previous Charts Located Here.
Back to Top
Copyright, Black Bear Realty, Inc, all rights
reserved. Reproduction, redistribution in any form, even for non
commercial purposes, must be done with permission and attribution.
Thank You.
Contact:
Info@BlackBearRE.com
.jpg)
