Things to note....- This year (2012) is showing an improvement (+5%) over last year.
- The spike in 2010 was related to the federal home buyer tax credit.
- We are unlikely to see further declines in sales pace.
What this means for you....
- If you're looking to buy, do it soon. A changing tide in the local housing market (things are picking up) and the historical low interest rates, make now a great time to buy if you're considering doing so in the next 6-12 months.
- If you're looking to sell, things will hopefully be brighter and brighter from here. The pace of sales has increased and prices are stabilizing, so hopefully you won't see further declines in your home values. If you absolutely have to sell, you should be OK doing so now, but if you can wait --- keep waiting for another year or two.
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