I Would Have Rather Started Off With A Bang....
Today's Definition From Dictionary.com:
/trænsˈpɛərənt, -ˈpær-/ Show Spelled Pronunciation [trans-pair-uhnt, -par-] –adjective
(two of the definitions include)
4. easily seen through, recognized, or detected.
6. open; frank; candid: the man's transparent earnestness.
Having said that, how about a little real estate transparency? We're starting off the year in a VERY challenging way. Not with a BANG...more like a whimper. Here's the market data from 1/1/08 to 1/18/08 and then the same 18 days in 2009. Quoting my good friend Robert Plant, 'The Song Remains The Same.' Great time to buy, tough time to sell.
ALL PENDING SALES FOR THE 1ST 18 days of 2008 and 2009
2008 - 209 sales
2009- 124 sales
Marion County (Indpls. proper)
2008 - 501 sales
2009 - 413 sales
2008 - 39 sales
2008 - 24 sales
2008 - 89 sales
2009 - 63 sales
2008 - 102 sales
2009 - 47 sales
Yes, we all realize it's a short sample but last year was also down from the year prior. What this shows is that we have a LONG way to go before a recovery takes place. The only reason Marion County (Indianapolis proper) did not get banged so badly is that they got clobbered so significantly last year. Again and again and again I say: If you do not have to sell, park your home until 2010. Any questions? Please review the data above.
Questions? Comments? Donations? Greg@GregCooper.com or 317.848.GREG (4734)