A few weeks ago I wrote that there had been noticeable shift in market indicators.  Not only were we and our fellow agents seeing the changes take place, we were beginning to see some housing data supporting increased market activity.

The data indicators to keep an eye on,  are supply and demand, days on market and number of pending and closed sales.

Reduction in available inventory is a sure sign of an improving market.  Between  five and seven months supply of homes is considered a market in balance.

The April 2009 results for Four Bay Area Counties can be seen in the video.

Get your own FREE Customized Market Metrics Report. While this information above is at the county level, with our new Market Metrics Research Tool we can provide this information and more for any city,  neighborhood or zip, not only in the Bay Area but most of northern California. We are happy to provide your own Customized Market Metrics Reort by request.  This information is available down to individual neighborhood statistics and can be further broken down by a number of criteria such as price range, square footage and room count. Simply email me at russ@bayareateam.com with your specific request or questions.

If you or someone you know has been talking about waiting until the market bottoms…it could be that your wait is over…take advantage of once in a lifetime tax credit incentives, low prices, motivated sellers and  record settting interest rates and make this your moment of opportunity.

Remember, you can search for Bank Owned and Short Sales at www.AllBayAreaBankOwned.com

All homes for sale can be seen here: www.AllBayAreaHomesForSale.com

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