The National Association of REALTORS reports that existing homes sales increased in April, particularly for entry level priced homes. They show that 4.68 million single-family, townhomes & condo sold in April. This is a 2.9 percent increase over March but is still below the 4.85 million unit-level of April 2008. Short sales and foreclosure properties represented 45 percent of all sales and, according to NAR, this continues to bring median sales price down, more than 15 percent below 2008. Keep in mind that real estate is always local, and these numbers don’t necessary evaluate the Bozeman market. Call me to discuss those numbers!
Read more on NAR’s Existing-Home Sales.