It’s hard to believe that June has already come and gone. The statistics are in though and if this information does not help support that now is the time to BUY, you may want to check your pulse.  We still believe we will be bumping along the bottom for a bit, but once the market turns your opportunity to buy at the low will slowly come to an end.  Also, with interest rates sneaking up and threatening to move up some more, you will pay more in the long term waiting for prices to go down further.  Make the smart move and talk with your mortgage broker and Realtor TODAY!

Single Family Homes…In comparing May to June 2009, Active properties on the market is up by 8% over same time last year, escrows are up 31% and we are up on sold properties by 44%.  In comparing  June 2009 to June 2008, Active properties are up 26%, escrows are up 46% and sold are up 89%.  Is the market turning for Single Family Homes?  Units sold for the first 1/2 of the year are down by -25%.

Planned Unit Developments or PUD’s…In comparing June 2009 to May 2009, Active properties are up by 11%, escrows are down -40% and sold units are down -100%.  In comparing June 2009 to June of 2008, Active units are up 2%, escrows up 20% and sold units are up 50%.  This is good news for PUD’s as well.  Year to date units sold are down -63%.

Condominiums…In comparing June 2009 to May 2009, Active units are up by 15%, escrows are down -8% and units sold are up 71%.  In comparing June 2009 to June 2008 active units are down -24%, escrows are down -8% and sold units are down -43%.  Is this portion of the market suffering the most?  Are their more deals to be had here.  The numbers say YES!  Year to date units sold are down -32% overall.

For complete details on these figures, click here.  You can view information on different price bands in each of these categories and absorption rates for each as well.  Stay tuned for more information on the 1/2 year statistics coming soon.