Home sales continue to drop
MELISSA FOLLOWELL
Herald Staff Writer
MANATEE - Local home sales in December fell 42 percent from December 2004, continuing the decline in sales that began in March.
After a hot year of sales in 2004, the number of sales started to slide in 2005.
On average, sales between 2004 and 2005 mainly showed single-digit differences in month-to-month statistics. December's 42 percent decrease was by far the most dramatic.
Read the rest of the article here:
http://www.bradenton.com/mld/bradenton/13713352.htm
This slowdown was inevitable. Real estate rates cannot continue up 20-40% a year forever. We are returning to a more normal balanced market. The Bradenton real estate market is still a good investment in my opinion. I believe you just have to be a little more careful. 2 years ago you could have thrown a dart and made money. Look for property along the Manatee River.
Contact me if you are looking for property to purchase or if you need to sell a property.
Herald Staff Writer
MANATEE - Local home sales in December fell 42 percent from December 2004, continuing the decline in sales that began in March.
After a hot year of sales in 2004, the number of sales started to slide in 2005.
On average, sales between 2004 and 2005 mainly showed single-digit differences in month-to-month statistics. December's 42 percent decrease was by far the most dramatic.
Read the rest of the article here:
http://www.bradenton.com/mld/bradenton/13713352.htm
This slowdown was inevitable. Real estate rates cannot continue up 20-40% a year forever. We are returning to a more normal balanced market. The Bradenton real estate market is still a good investment in my opinion. I believe you just have to be a little more careful. 2 years ago you could have thrown a dart and made money. Look for property along the Manatee River.
Contact me if you are looking for property to purchase or if you need to sell a property.
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