Welcome to the Collins Group Realty January 2011 Market Update
Last Updated February 22nd, 2011
Happy February!
I am actually writing this on my daughter’s 11 birthday, which is, of course, a fun day to celebrate…and at the same time it reminds me how fast time flies…
Speaking of time flying, here we are already a month and a half into the new year…and things have been busy, which is great!
You will see some very nice trending in the Monthly Indicator report, including a 30+% gain in New Sales year over year from January 2010 to January 2011. And, at the same time, the rate of New Listings has dropped, which pairs beautifully with the increase in new sales. In order to get back to a seller’s market, we need for sales to increase and inventory to drop to a 6-month (or less) supply, so these are both great steps in the right direction.
Enjoy this month’s Market Pulse, and let us know how we can be of assistance to you or someone you know…
Best-
Chip Collins
Owner/Broker-in-Charge
Collins Group Realty
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