2009 was a rough year for most of us, whether we were in real estate, stocks, retail business… Real estate for January 2009 was down 24% in sales compared to the 2008. That was a scary start for the year. 2010 did not start off much different from 2009 but without an additional drop!
January 2010 compared to January 2009 is only up 2% in sales. Being up 2% in sales is great, but remember we are comparing it to a year where we were down 24% from the previous year. Thankfully, we have all learned to cut back on our expenses and have learned to live “within our means” and “within our market”. January 2010 was not a record month but we are also thankful we didn’t have another “Down” month. We started off the year POSITIVE!
When 2009 started we had less inventory – properties available to sell. We started the year off 4.6% less than 2008. Starting 2010 we are way up. We have 17% more inventory this January than we did in 2009, but there were fewer new homes put on the market this January than in 2008 or 2009. So, there are more homes on the market available but fewer new ones on the market… so more homes are staying on the market longer. There are over 100 more houses available to choose from than in 2009 so if someone is looking – NOW IS THE TIME!
Note that the information above is the Bryan College Station total market – it is NOT what is happening at Century 21 Beal. Century 21 Beal has increased market share in both sales and new listings compared to 2009 and we are off to a GREAT year! Want to see our Bryan College Station Real Estate Market Share numbers and what other companies around town are doing? Click on the link!