We hear all kinds of facts and figures on the economy, and particularly for the real estate market. Slightly better, getting better, maybe better, past the bottom, trouble ahead, could get worse, yadda yadda yadda. When the numbers indicate a slight improvement that generally can't be felt, people don't feel better. Sometimes "better" is still not "good" - a quote from my sister is that "it's better than a sharp stick in the eye." Now there's a different perspective.
This week the South Carolina Realtors June market report shows some data that points to "better" - maybe not to "Good" but definitely to "better." Here's some of the info reported in the paper:
New listings - down 8.3%
Pending sales - up 7.3%
Inventory levels - down 15.7%
Median sales price - up 1.9%
Days on the market - down 4.8%
I'd like to feel better about the direction. It would be nice if the mood in the country was more optimistic. Not that I'm wishing for a return of "irrational exuberance" but it would be a happier feeling if more people were able to think about "getting ahead" rather than "catching up."
Ultimately, the numbers really to tell the tale. Gradually, continually improving numbers over a few years will really get us to a good place. But, to use another family quote (from my mother), "I want some patience and I want it now!"
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