The market is undoubtedly heating up. It has been a busy summer, and now as we get into September, all those deals that were put together throughout the summer are heading to the closing table. In the last 10 days, there were 43 sold homes reported in the Sullivan County MLS. That is by far the most I have seen in a 10 day stretch since early 2008.
I suppose its fitting that I am writing this on the anniversary of Lehamn Brothers filing for Chapter 11 nine years ago. It has been a long slow climb, but now all the signs are pointing to a real estate market rebound. Prices here in Sullivan County have not started to go up yet, but interest and volume have, and with that prices are sure to follow. With interest rates low, right now is a good time to buy.