I have to ask myself where did 2009 go? With only 100 days left in the year, I can say I am glad we are in the fourth quarter of 2009. Remember the doom and gloom that was being talked about last October? Well most Realtors already knew the country was in a recession well before it was "officially announced that it began back in December of 2007. Here locally, I am thankful that our market is stable and is holding it's own. Our overall inventory for our Board of Realtors is falling and our days on the market are under 100 days in some price points. While the news still shows other parts of the country that have been devastated, we are blessed that our company wrote more sales contracts last month than we have in any other month this year.
What is the big difference of 2009? Besides the foreclosures and short sales, I have seen real estate agents having to jump through more hoops with financing problems, appraisals, inspection issues and unrealistic expectations of buyers and sellers more than any year I can remember. This market has however had a great effect on our market because it has forced our Real Estate agents to improve their skills by making them try new ways to market themselves and the properties we represent in Bowling Green and South Central Kentucky. Yes, this year of 2009 has been an interesting one. Being an eternal optimist, I have to believe that our market will continue to improve, be it ever so slowly, but improve it will.
REMEMBER, The first time home buyers tax credit is running out and must be used by the end of November 2009
For more information on homes or real estate in Bowling Green Ky. please visit our website at http://www.realestateinbowlinggreen.com/ .
If you would like to talk real estate or have a question just contact me at ktinsley@crye-leike.com.
Take care,
Kirk
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