The first quarter of the year is finally complete, and the numbers really did not show any kind of change in the real estate market. We are plodding along with lower than usual sale, but higher than usual listings with longer market times. We are still in a buyers market with plenty of inventory to choose from and interest rates are still hovering around 6%. A recent change that will affect the real estate industry is House Bill 2791. This will change the way we do short sales, and from what I can see, appears to include a large amount of the homes priced under $400,000. Watch my blog on this issue to see how it plays out.

For a breakdown of March’s sales by price go to: http://www.joshuakoffler.com/uploads/SalesBreakdownbyMonth.xls .

Interest rates are still hovering around 6.0% with no points.