Comparing the first 45 days of ’08 with ’09, JP sales are down 50%. From 1/1/08 – 2/15/08 JP had 30 sales according to MLS (condos, single-family and multi-family) for the same period in ’09 it was down to a total of 15 sales.
The large drop could be beacuse buyers were waiting to hear about President Obama’s housing stimulas program.
The second reason could be we’re in a Recession
Has anyone visited any Sunday open houses in JP?
By the end of the 1Q in 2009 we will have a better picture of the JP housing market.