Our market continues to be in three tiers whereby the owners of homes priced below $275,000 are enjoying a healthy real estate market.  Homes priced below $175,000 that are in good condition are in short supply.  During previous months, it was common to find many quality homes in West Pasco priced below $150,000.  Now one may have to build a home in this price range. Homes priced above $425,000 are in excess supply and builders should be advised to be cautious in building “spec” homes in this price range.

Our sales of 336 homes reflect a major increase in homes sold during a monthly period.  This figure exceeds all monthly sales during the year 2008.  Total sales from Jan-July 2009 are 8% less than the same period of 2008.

It will be interesting to observe our market once the “first time home buyers” excise tax credit program expires November 30, 2009.