What the crystal ball says

The economic guru's have been out in full force lately.

Nationally in the housing market depending on whom you listen to we will recover or we won't recover in the latter part of 09.

Locally the Manatee/Sarasota County it may be some recovery in the latter part of 09 a possible dip again in 2010 and then a stronger recovery according to one recent economic prediction I read.

Hm mm, let me look at all my statistical data, market reports, knock on wood and gaze into my fuzzy coffee mug.

My prediction, a lot of well priced, good location homes will sell this year and a lot of overpriced homes will not.

Yep, from Longboat Key to Terra Ceia in Palmetto I predict we will have sales.

Will prices climb. Not sure yet and it depends what level of home you are talking about.

We are seeing that 100 to 200k single family home market moving briskly. Great deals with a lot of inventory in good condition, foreclosure or not, with good locations. This won't last of course as the inventory gets bought up.

Once you get above that level the sales drop the months of inventory on the market climbs.

There are no simple solutions in life but here is what this market is all about, great price, great location home will sell there are buyer's out there, qualified, pre- approved, ready to go for homes in every price range.

Overpriced homes in every price range will continue to say on the market, month after month after month.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com