Monday, March 5, 2012

Positive Signs for Real Estate Locally & Nationally

1928 Glenkirk Drive (under contract), listed by Robin Allred
with Coldwell Banker Triad, Realtors. Photo by Bloomberg
News published by The Wall Street Journal.
What's Behind The Blue Door?

Ironically, both local and national home sales rose by 4.3 %* and national inventory shrunk to a healthy level according to the National Association of Realtors in this Wall Street Journal article.

This Winston-Salem Journal article states sales are up in Winston-Salem, NC as well as at Coldwell Banker Triad, Realtors, which serves 16 counties surrounding the Triad.

So what do these two articles tell us?

Jodi Tate, our company's chief operating officer, stated sales were up substantially last year from 2010. "The numbers are definitely moving in the right direction."

When we asked our agents what they’ve seen this past week, we heard offers were submitted on their listings, a stubborn foreclosure closed as a result of perseverance and communication, and open house traffic is fantastic -even during bad weather.

Ultimately, whether you are a buyer or seller, the market seems to be turning in your favor. Sales are up and inventory is shrinking. Do you feel like we have hit the bottom and we’re on our way to recovery?

(*Winston-Salem Journal article reflects a 4.3% increase in home sales for 2011 for the Winston-Salem area, encompassing Forsyth, Davie, Davidson, Stokes, Surry and Yadkin counties. Wall Street Journal article reflects a 4.3% increase in existing-home sales in January 2012 from the previous month)

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