Our sales volume has stabilized over the past several months and inventory is down from last year. We have 242 available homes listed for sale on Bainbridge Island, last year we had 254 at this time of year. We have 47 homes under contract right now; one year ago we had 31 homes under contract …a 51.6% improvement!
October continued the trend: In October 2009, Bainbridge Island saw 24 closed sales. In 2008 we had just 10 closed sales in the month of October.
We are not back to the days of 2006/2007, but our trends are improving month over month when compared to 2008.
Nationally, home foreclosures have dropped for three straight months; another trend helping to stabilize our housing market.
Monday, November 16, 2009
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