The number of houses and condos sold dropped a whopping 45 percent in the first quarter of 2008, versus the first quarter of 2007! But despite the slump in volume, house prices held pretty steady, and the overall, median prices only dipped slightly. Sellers are becoming more and more flexible though, and there has never been a better time for locals to make a lateral move within our market.
There was an article published in this Saturday's Park Record which gives a pretty good picture of our market here right now - We're definitely weathering this lending and real estate storm much better than a lot of other areas.
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