Our Humboldt County, California residential real estate market shows continuing signs of stabilizing and recovery!
Our active homes continued our seasonal rise to 682, above our “normal” market of 650, but well below the 720-740 range of the past 2 years.
The number of sold homes in May of 2010 also increased to 81, well above the figures from the last 2 years, 69 & 65 respectively. 81 is below our “normal” range here in Humboldt County, which is around 100.
This lower number of active homes on the market and higher number of sold homes should encourage stability in the pricing of Humboldt County homes. Sure enough, the average sales price of a home was $279,724, right in the $275K - $300K range we’ve seen over the last 18 months. Our median home sales price was $255,000, well within the $250K - $275K range we’ve seen over the same time frame.
The next rock we need to navigate is the ending of the Federal home buyers’ tax credit. With these solid numbers heading in the summer selling season, hopefully we’ll see a smooth transition back to a stable, independently supported real estate market here in Humboldt County, California!
No comments:
Post a Comment