April 4, 2011

March Madness

I was raised in Indiana and therefore have a soft-spot for basketball and all things March Madness. However, the madness I refer to here has to do with real estate activity... This past March, my colleagues and I at Slifer Smith and Frampton Real Estate wrote a whopping $130.6M in real estate contracts. Compare that to $89.2M in March 2010 and $31.7M in March 2009 and I think you'll agree that the market here is much improved. Inventory is limited, interest rates remain low and prices are reduced and stable.