It appears that 2010 will go down as the low point for the "market correction" we find the Rockport market in. Modest growth in units sold mark the positive news for the first quarter of 2011. We continue to see downward adjustments in prices, however.
Both average and median prices continued a downward trend in the first quarter. Inventories remain high compared to the number of sales with almost two years worth (a balanced inventory is about 6 months).
In looking at the numbers and talking with Real Estate professionals, there seems to be a clear message. Buyers are starting to show up but they are shopping cautiously.
By Lee Swearingen
President
Coldwell Banker The Ron Brown Company
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Residential, Farm and Ranch, Land and Commercial!!!
Coldwell Banker The Ron Brown Company
www.rockporttexasrealestate.com
Selling or buying property?? We can help!!
Coldwell Banker The Ron Brown Company
1821 Broadway
Rockport Texas 78382
(361) 729-4044
Offices in Victoria, Cuero, Rockport, Ingleside and Wharton Texas
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