Sales information!!

How about some quick general market information on Montgomery County. Yep sales were down again in May BUT sales prices increased again. It appears that when we get the final numbers that year over year "average price" gains will be about 7.7%. Still crazy isn't it. Sales are down and prices are still increasing. The "median price" will also have increased about 6.2%. And all of this combined with increasing interest rates.
What about foreclosures in Montgomery County? Well we are well behind the rest of the nation which is a good thing. The county foreclosure rate increased only about 14% in the first three months of this year as compared to last year. Not bad at all when you consider that overall nationwide foreclosures increase a whopping 112%. I think we are in pretty good shape. There were 443 this year versus 387 last year. Foreclosure have increased each of the last three months so we may see a couple more months of increases. But we will not see here what is happening in the rest of the nation. Overall Texas had just under 34,000 for the first quarter of this year. Are there foreclosure deals out there for you to buy? Yes. However if you aren't looking every day the good ones are gone before you get there.
That is just a quick update. The final nunbers should be out this week and we will see what they hold. Is anyone's crystal ball working???
Have a great day.
Ron