Jump Start our Home Buying New Year!

Well the December stats are in for the end of year home sales and it was a Good end to the year! Home sales on existing homes were up by 4% in December from a year ago. Also, increased in December by 6% from last months sales. This means sales trends indicate that our local market is stabalizing from the roller coaster ride created by the Tax Credit last year that ended in April. Our existing home inventory has also decreased by 5% in December from last month. Our home supply right now is at a 5-6 month supply, which puts us at a "Balanced Market"!! Yes I said it "Balanced Market". There is still a slight buyers edge present in the new homes and existing home sales.....so why wait to purchase??