March Market Statistics!

Well it did seem busy over the last month and we have had almost as many monthly multiple offer situations as at the peak of the market (since Sat, we have had 3 and then another one last week).  In the west side, we had the highest detached sales since October 2007 and for attached units the sales volume was the highest since May 2008...you gotta love those interest rates! There is a lot of demand and less supply than we had last fall: right now we have 4.7 months of inventory available whereas at the end of November 2008 we had 37.9 months supply.   Prices seemed to have flattened as opposed to continuing to drop and that coupled with the increased demand is great news for sellers-although we are still in a much better market for buyers.  The west side March statistics are in this link Westside Stats March 2009-for more information or to discuss what this means to you, pls call or email me!