Our June housing data came out last week and we would like to share the latest a greatest housing numbers throughout the northeast with you. There has been alot of talk over the last few months on whether or not the market has ‘hit bottom’ and is entered steady stabilization. While the cliche “all real estate is local” is key to the housing market, it stands to say that nationally, the housing slump has finally come to an end. An article posted a few days ago in the Wall Street Journal reiterated this point. “The housing bust is over,” as it so succinctly says.
Our numbers show similar patterns, with average sales prices climbing up and unit sales skyrocketing in most areas. Take a look: Continue reading