Sales Improving
Sales volume is up significantly for the first 4 months of 2010 compared to the same period last year. In 2009, there were 11 sales in the first four months. In 2010, the first four months produced 26 sales.
Considering the amount of current activity (I.E.: showings, offers), it appears this trend will continue. Perhaps the number of new sales will become more than the number of new distressed sales. Then, over time, sales prices will start to move higher. If activity remains strong, higher sales prices are coming soon. I have not been this optimistic in a long time.
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