September 2008
% Change
September 2007
Active Listings
313
-9.0
344
Pending Sales
32
-17.9
39
Sales
32
+39.1
23
Bank Owned Sales
5
-
0
Average Sales Price
$286,171
-10.8
$320,878
Time Supply of Inventory (months)
9.8
-34.7
15.0
 
 
The top 4 categories of who the Home Buyers are
·38% are 1st time homebuyers
·25% are move up homebuyers
·13% are downsizing
·6% are relocating to the area
 
Again the 1st time homebuyers are leading the home buying charge. Two years ago loan products with acronyms VA and FHA had fallen out of favor in light of the many new, flashy loan programs being offered. Cool and sexy sounding acronyms like SIVA, SISA and NINA. Today, VA and FHA are the loan products making it possible for many buyers to purchase.
 When the 1st time home buyers buy it allows those sellers to purchase a larger home. So it’s no mystery that the “Move Up” Buyers are the 2nd most active category.
 
 
Dean Kessler – The Kessler Real Estate Team,
Dean@TheKesslerTeam.com   441-1765
(Source: Humboldt Multiple Listing Service)