Eastern Panhandle Real Estate & Community Blog

While the press might like us to believe that the end of the real estate world as we know it is nigh, here in the Charles Town and Harpers Ferry area "it ain't necessarily so". Like everyone I tended to take the press reports, based on national data and sigh bbut then I took a closer look at the Jefferson County Market Statistics published by the MLs system and found that while things are slow there are still a few bright spots. Sales volume for September 07 was down  less than 10% compared to last September and both the average sale price and median sale prices were actually up when compared to the same month last year. Also the difference between List Price and Sold Price was actually better this September which really surprised me a bit.

What we really need is for the press to stop preaching and to instill some confidence in buyers who can really get a great deal in a home right now. The bottom line is that the numbers on a per unit basis are not that bad but the shortage of buyers caused by a lack of confidence is keeping total volume down and days on market up.