Many of us hear almost daily how the real estate market is down. When we turn on the news we hear how the stock market is down. Supposedly due to the real state market. We hear how new homes sells are down and home starts are coming to a screeching halt.

According to recent figures for Wood Realty this is not the case. Through the end of the August our sales are showing an increase over the entire year last year. Figures Y-T-D this year compared to last shows an increase of over 10%. This is not saying that the market is not changing. The prices have come down a small percentage. Reason being that the prices were overinflated. There does appear to be a trend toward less investor activity.

Wood Realty has actually closed more home sales, not including vacant land, than a year ago.
Based upon the inquiries that we have recieved in the past few weeks. There is definately more inquiries coming from the larger markets than say 3 months ago. The trend downward as according to the media has effected more investors than anyone else. The retirees and first time homeowners will still be there and looking to purchase in our still very affordable market. Those homeowners are more educated and will be doing their homework. They will be scaling down into more affordable and energy efficient homes.

Look to the future and it is anticipated that we will be having a record breaking year here at Wood Realty. When it is time to sell or buy look to the one real estate company that is still increasing in sales dollars and units sold.