Last week the National Association of Realtors announced that existing home sales fell 3.5% in July from the previous month.
Hidden in the report were much more valuable numbers.
- Existing home sales in July were 21% above the level for July 2010.
- Total housing inventory fell 1.7% to a number representing a 9.4 month supply.
- Single family home sales are 21.5% above the level in July 2010.
- In the South existing home sales are 19.5% above the year ago level.
These year to year numbers have the caveat that July of 2010 was soon after the home buyer tax credit expired. Despite this anomaly, these year to year numbers are strong.
At Brays we have some exceptional values, a broad inventory of properties available and some motivated sellers.
Your return on investments at Brays is in the enjoyment you and and your family will reap from all the activities we offer, more than any other property in the southeast. If you are at all considering Brays Island, now is the best time for a visit.
We hope to hear from you soon.