Given that local real estate agents are once again trying to pump up the market and tell you that now is a good time to buy, I thought I'd follow up on one of my first posts on this blog and provide a historical view of May inventory levels and sales in the Garrett County real estate market.
Fewer sales, more inventory. The trend certainly doesn't look good for all those distressed sellers out there, does it? Of course, savvy buyers who have been able to stay on the sidelines and resist the past three years of cheerleading from local agents are now poised to take advantage of lower pricing (below 2004-2005 levels in some cases) and more choices.
After reading the comments in the "cheerleading" link above, does anyone still think that in 2008 I was wrong about where the market was likely headed?
Don't forget to check back to Dan's Deep Creek Blog for future updates.
1 comment:
This is very nicely done. Thanks!
Post a Comment