October 2009 numbers are in...and the recovery is in full effect.
Even our favorite bear reader, MD, will have to call this glass half full.
- Pending sales were up 73% over October of 2008 and up almost 25% versus September 2009.
- Closed sales were up 12% over October 2008 and up about 5% versus September 2009.
- Median prices were up 4% over October 2008 and up around 15% versus September 2009.
Congrats to buyers and sellers. Buyers, you should feel confident you're not trying to catch a falling dagger and know that the market is already moving up (not just going to move up). Sellers, the buyers are coming back (though don't get greedy, just sell for what the market will bear).