The market has been toying around with a recovery move for quite a while, so we are consistently looking for patterns that would suggest improvement. In 2011, Select Sotheby’s International Realty showed growth in closed transactions of over 120% in comparison to the previous year. In Q1 2012, we are experiencing projected closed transactions to be over 100% as compared to the same period in 2011 which suggests a pattern of repetitive growth is emerging. We are looking for pricing to stabilize and start to rise as the next pattern to focus on prior to calling the bottom however.
In addition, recently, the Capital Region Business review posted these articles identifying growth trends at a regional and macro level. Please take a look!