Your Market Last Month…
Housing sales throughout the month of October were consistent with record highs! October of 2007 showed 3,028 units of residential sales, up 11.2% from the 2,722 units in October of 2006, while the inventory of property listings remained relatively unchanged. “The economy is healthy,” Naphtali says. “There is virtually no unemployment. Interest rates are steady. These are all factors affecting the continued strong demand for housing.” Sales volume trends are still on the rise, with the following increases when comparing October 2007 with October 2006: apartment sales up 17.4%; attached (ie: townhouse) sales up 11.7%; and detached sales up 4.4%.