Could this be signs that the market is turning around? Last month buyers took advantage of the new measures put in place to stimulate the housing market and snapped up a whole bunch of real estate!

The rise is a seasonally adjusted 5.5% which represents around 5.18 million units! Higher than Augusts 4.91 million and even September 2007′s 5.11 million!

This is excellent news and could be signs of a market starting to recover. The increase in sales started in California and is spreading across the nation.  Despite some doubts about Credit being as freely available as previous it does not seem to be stopping buyers who are wowed by the selection of homes on the market.

Total national inventory fell by 1.67% and is now only a 9.9 month supply of around 4.27 million existing units available. Contrary to popular belief most purchasers are not investors, they are buyers shopping for a primary residence as home affodability has risen.

If you are thinking this is a great time to invest and you are thinking about purchasing a home in New Albany or the surrounding Central Ohio/Columbus Metropolitan area then please contact The Raines Group for professional Real Estate advice.

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.