As a lot of you know the annual NFL college draft was last weekend. Prior to the draft almost all sports writers published a mock draft. In some cases they published several versions changing them on an almost daily basis. From the mock drafts I read and the actual draft results I saw, few if any of the writers were correct in their guesses. It will probably be the same with this blog today. I am going to "mock draft" the April single family residence sales numbers for Montgomery County, Texas about three weeks before they actually come out. I can't figure out if I am being brave or just not so smart in doing this. Drop me an email and let me know what you think. Here we go.
I think the bottom has been hit. Yes we will probably be down from the sales numbers of April, 2007 but I also believe that at least two of the MLS areas in the county will be up over March, 2008, one area will come close to the March, 2008 numbers and that the fourth will still be down some but not hugely. I think that the average sales price will be somewhat stagnant as compared to the increases we have seen in the past. This price stagnation is not bad or indicative of a major trend in my opinion but only reflects the current market situation.
With the school year approaching its' end, our warm lake water weather here and interest rates still very low I think we will see our sales numbers improving. Okay, please remember this is a "mock draft" only. When the final April numbers are published in about three weeks I will grade myself just as the sports writers grade the NFL teams. Hopefully I will do better than the "C" one well known Houston sports writer gave our beloved Houston Texans.
I hope you are having a great week.
Ron
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