| Monticello Home Sales Data | |||
| | May 2008 | May 2009 | % Change |
| Average Sale Price | $170,621 | $153,159 | -16.7% |
| # New Listings | 40 | 53 | +32.5% |
| # Homes Sold | 24 | 20 | -16.7% |
| Avg Days on Mkt | 137 | 162 | +18.0% |
The Monticello home market continues to be ripe for first time home buyers. With the number of homes available on the market stays high, the interest rates continue to stay at historic lows, and the different government programs (ie. $8000 tax credit, NSP funds, etc) there has never been a better time to be a first time home buyer. Part of what is creating the affordable home market is the number of short sales and foreclosures in Monticello. Although Monticello is not as heavily burdened by foreclosures as some areas, nearly 50% of all homes sold in January were lender mediated. This affords an even better buying position for home buyers.
Tony TeVogt
web site: www.tonytevogt.com
txt: 763.226.6847
email: homes@tonytevogt.com
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