As I predicted a few months ago, the market has seen a change. Nationally here is what the NAR chief economist Lawrence Yun has to say: “The uptrend in home sales is in line with all of the underlying fundamentals – pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents.”
Our Methow Valley real estate market is not being left behind the nations improving real estate market trends. Chart 1 shows the Methow Valley sales activity for every type of real estate (land commercial, home and condominiums).
When compared with a year ago today we see a continuing uptrend in sales and contracts pending sale. This information is proviced by the Northwest Multiple Listing Service database and covers the 19 diverse communities of Methow Valley including Wolf Creek, Mazama, Lost River, Edelweiss, Winthrop West, Rendezvous, Winthrop, East Chewack, West Chewack, East County Road., Winthrop South, Twin Lakes, Pine Forest, Twisp, Twisp South, Twisp River Road, West County Road, Carlton and Methow.
Stay tuned for Home and Land sales reports for Methow Valley May 2012