By Warren McNeil

Here we are again, another month has passed and the stats are looking good!

The Table below shows the most relevant real estate data for the month of May 2009 and compares it with the previous month and the previous year, April 2009 and May 2008, respectively. This information is for single detached only.

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.teammcneil.com/blog

By Warren McNeil

What’s Happening? Quite a bit actually… Our market is up this month over the same month last year. This is good news. Things have been humming along very well lately. We are seeing some multiple offers on houses in our area and they seem to be selling quicker. This is extremely good news!

I think consumer confidence is increasing despite the news we have heard or read the past few months. First-time home buyers appear to be getting off the fence and into the market. Move-up buyers are also taking the plunge. This is good news for sellers and buyers alike. I think this added confidence will help the remaing fence-sitters to make their move. There are plenty of opportunities out there.

Sellers who are thinking that they might not make as much money as they did in a hotter market might want to reconsider. Timing could be the key in getting top dollar for your house. There could be a buyer out there right now looking for a house just like yours. The same can be said for a buyer who is waiting to find that great deal.

With the interest rates at an all time low, availability of governments incentives, I think now is a great time to buy and sell. I think that the increase we have seen this month over the same month last year is a good sign that things are looking up. I am optimistic that we will see more of the same.

Hope you found the information encouraging and helpful.

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.teammcneil.com/blog