Fed Rate on Hold - Real Estate the Same

The Federal Reserve held rates steady at the last meeting, and real estate seems to be doing a lot of the same. There was a small drop in sales from August to September. This article in the Real Estate Journal points out that home prices are remaining fairly steady, but they're staying on the market longer.

Do you do inventory statistics for your area? Average Days on Market are easy to capture from the Multiple Listing System, but keeping a running tab on the number of active listings can help you to monitor the health of your market area. The readers of my real estate blog really like the stats. They also go out quarterly in a mass email.