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Thread: US Home Values Bottomed Out?
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Old 06-15-2009, 05:37 PM
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Quote:
Originally Posted by l2ridehd View Post
Lets say there are 500 VLS homes for sale. And there must be close to that by realtors. Usually less then VLS, so say 400. And add another 200 FSBO, probably high, but possible. That's 1100 homes for sale. OMG is that a lot? If there are 40,000 homes, that is around 2.5%. My numbers must be way off, lets double it and say 5%. Still one of the lowest resale markets in the country. So stop the doom and gloom and realize that this is still a great market when compared to the rest of the country.

According to Lyle Gant's website, MLS had about 275 active properties at the end of April 09 (nearly three times what was active in May 06) and monthly sales of about 25 units.

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