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Tracking our market

by Jim Stakem 4/12/2010

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The two charts below show the average sales price (left) and number of transactions (right) in our surveyed market. It is easy to see that after our prices bottomed out at the end of 2009, our prices have risen substantially. That is good however it reflects a decrease in lower priced properties and a increase in higher priced properties being sold.
We can also see a very dramatic decrease in the number of transactions. This is a bad sign for the future.