Cowlitz County Real Estate Market Report October 2011
The Cowlitz County real estate market continues adjusting to the normal slow activity of the season with only 44 home sold in October compared to 58 in September, about 24 percent dropped. As discouraging as those numbers are it is normal for this time of year. Even though sales may have dropped the last couple months, more homes have sold every month this year compare to last year, last month there were three more sales than in October 2010.
Cowlitz Conty rela estate home prices have been continually dropping since the market crash in earley 2008 but also the number of homes for sale is dropping. In October there were only 527 homes for sale in the county compare to 643 in October 2010, 116 less homes for sale. In my opinion that is a good sign that the market maybe heading in a path to recovery, now buyers have less homes to choose from and hopefully more competition. Now let's just hope that the economy will do the same and we'll be in good shape.
The Cowlitz County real estate market is definitely shrinking but there is still a good time for home buyer to take advantage of low real estate prices and low interest rates before everything start turning around.
The above nembers are base of single family residential homes only.
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