The Santa Barbara Groups Real Estate Blog

We May Have Hit Bottom?
June 23rd, 2009 1:57 PM

There are a lot of indicators that real estate under $1M may have hit bottom in February of 2009. Since then inventory here in SB has started to decline and the median is heading up. Another sign that we are at bottom is the condo market. It has been dead - hit very hard by the recession - and now it is very active with sales up. In may of 2008 there were 20 sold units and 18 in escrow. Compare that to May 2009 where we have 24 sold and 44 in escrow.

It could be time to get off of the fence if you haven't already. Contact us today to start your search.

Posted by Joe Parker on June 23rd, 2009 1:57 PMPost a Comment (0)
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