The March numbers are out according to 
“The seasonal boost in sales between February and March was less than half its normal level and a record low. The weak start to the home buying season also saw another record dive in the median sales price, the result of depreciation, slow sales for higher-priced abodes and growing sales for discounted homes fresh out of foreclosure.”
The house I was going to help sell last year but eventually went a Realtor who told the owner he could get a million for it finally went off market after a year of unsuccessful tries and a few Realtors. Funny thing is that had the owner listened to me, he would have made more money than he can get in this current market. Now he is stuck with two homes…
“A total of 12,808 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in March. That was up 18.8 percent from 10,777 the previous month but down 41.4 percent from 21,856 in March 2007, according to DataQuick Information Systems.”
That’s a pretty steep number in one year, almost half as less. And to think we still hear the same cheerleaders talking about the bottom of the wave. What world are they living in? The market is readjusting and will readjust until prices catch up with consumer’s buying power which is very weak considering our current economy. It doesn’t take a rocket scientist to understand that. In the meantime, hold on tight!
