It shouldn't surprise anyone that the National Association of Realtors finds some good news in the realty market, but the real story for Polk County isn't good, according to the County Assessor's numbers.
Residential sales in terms of total sales in May of '09 compared with May of '08 figures are down by almost half. That's inline with the quantity of sales, reflecting 44% fewer sales. The average sale prices was 5% lower than last year's sale.
And the spring numbers aren't getting better, as we might expect. Instead, compared to April of this year, May sucked for real estate pros. A $10M drop in total sales, more than 100 fewer and average price fell by another $10k.
Those are the real numbers, provided by the Polk County Assessor, but don't expect NAR to advertise this fact with the media.
Thursday, June 11, 2009
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