How is the Real Estate Market??
According the National Association of Realtors(NAR), exsisting home sales rose for the third consecutive month as inventory decrease and home price decline slightly. Sales increased 3.6% in June over May. Another positive sign for the market is a decline in inventory. June inventory fell .7% which represents about a 9.4 month supply at current sales pace. First time home buyers accounted for 29% of the transaction in June.
By Region in the Midwest sales increased .9$ The median price in the Midwest was $157,000 which is 9.1% below a year ago.
If you want to read the whole article below is the link:
http://www.realtor.org/RMODaily.nsf/pages/News2009072301?OpenDocument
A little peak at tomorrow blog: A look at the Northwest Indiana Real Estate Market
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