We've heard all the bad news. But underneath those negative headlines, there's definitely a silver lining. Yes, homes sales were down 33% in February of this year compared to February 2008, but the good news is that sales were up 30% from January 2009 to February 2009.
Have we hit the bottom of the real estate market? While I'm not a prophet, I believe we've come to the end of the slump in Nashville for a while. Sure, our market is slower than 2006. But most markets would be slower compared to an abnormally unusual strong market.
For more information on February 2009 sales, CLICK HERE. The date of this article is March 9, 2009, but I'm posting is now because in just a few days, we'll find out how March did and we can compare this info to February.
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