Our Spring 2013 Market Watch Newsletter Is Out!
Times They Are a Changing...
... sings Bob Dylan and they certainly are in the real estate market. As early as 2010, we predicted that around the spring of 2012 we would be seeing a turn-around in the real estate market. Last Spring, in our newsletter, we noted that volume was starting to improve but prices were actually still going down. We also stated, "For the first time in 5 years, I am saying, we have hit the bottom and we are starting the recovery." As you can see from the national trends in the graph below, the inventory of homes for sale has fallen significantly over the past two years. You can also see, nationally, the prices have finally started coming back.
Eliason Realty has been seeing similar trends. Eliason Realty saw a 60% increase in sales volume in 2012 over 2011. That is compared with a 27% increase for the entire MLS.
We have also seen a significant decrease in our volume of listings. In fact, based on the early 2013 indications, we are going to be short on the inventory needed to meet the demand that appears to be on the horizon for the rest of the year. With that in mind, the Northwoods could be entering the price recovery we have been waiting for. .....
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Eliason Realty's Spring 2013 Market Watch Newsletter!
Eliason Realty of the North, LLC
Vilas County's Largest!
Offices in Eagle River and St Germain, WI