Dear readers,
Raw numbers regarding the Bryan and College Station market were released this morning, indicating a decline in total monthly sales of almost 30% from February of 2008 and 2007. Total monthly sales in February 2009 were $15,736,430, compared with $22,342,476 in 2008, and $22,937,147 in February 2007.
Remarkably, February 2009 numbers are comparable to February 2006, when total monthly sales were actually lower at $16,286,059.
As always, I'll insert the caveat that these are raw numbers, and they may change slightly over the course of the week as they are studied more carefully.
You can expect the complete, February 2009 College Station Market report on my Website, MarketReports.SamWhiteRealty.com, on Thursday, along with the Broker's and Lender's Synopsis.
Subscribers to my monthly College Station Market Report Newsletter will receive the market report via email and rss feed on Wednesday evening.
You can also find daily, real estate news updates, as well as timely articles from the Texas Association of Realtors on MarketReports.SamWhiteRealty.com.
We may be seeing some spillover from the national paranoia caused by the world financial situation, but people will ALWAYS need to buy and sell homes. College Station didn't boom, and we ARE NOT going to bust. The Brazos Valley has a professional, dedicated, RESPONSIBLE group of Realtors and lenders that have been here for years, and will be here for years, to serve buyers and sellers.
DON'T PANIC!
Blue skies,
Sam White
SamWhiteRealty.com
