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March Dates to Remember

The good and the not so good

The Raleigh Regional Association of REALTORS®’ Contemporary Real Estate Council (CREC) recently heard the good and not so good news about the local real estate industry.

RRAR Director Stacey Anfindsen, owner of S.M.A. Publications Inc. and a North Carolina state certified residential real estate appraiser, presented the latest market statistics and fielded questions from CREC members.

Here is summary of his presentation:

The Good

• Annual closings were the sixth highest this decade g g.
• Current supply of seven months is lower than national current supply of 11 months.
• Average house price appreciation in TMLS has been 4 percent compared to the national rate of  -8.9 percent.
• Houses 65 days which are priced correctly sell in an average of and sell for 97.5% of list. Other houses sell in an average of 128 days and for 90% of final list.

The Ugly

• 23 consecutive months of lower pending sales p g consecutive months of lower showings.
• 58 percent of all price points have an oversupply of d t product
• December 2008 expired listings were 194 percent higher than expired listings
• December 2008 employed workforce was lower than the workforce for the first time since 2001 versus 2000.

Other Articles in this Issue

7 reasons to be upbeat about real estate

NewsMakers

Realtor Review Advertising Rates

The ins and outs of short sales

Welcome New Members

Who are you dealing with?

Give feedback, get performance

Can not -miss sales meetings

Need employment insurance? Master your personal brand

Top 10 survival tactics in a tough economy

Tune in to NAR's radio show

Store Add - April 2009

From the President