HOME STATS Spring 09

Real Estate is moving slowly. Sales of homes under three hundred thousand are moving. Homes under two hundred thousand are the staple these days due to government incentives. For homes in the 300-499K range, there is a ten month supply. Homes from 500-700K, you are looking at 18 months. Homes priced at over one million dollars: There is presently a 91 month supply. Yikes!