I have finished compiling the stats for 2008, and entered it into the running stats I have for the last 11 years.
As you can see, the volume of properties sold in 2008 was by far the lowest it has been in the last 11 years. A total of 1869 properties sold in 2008, which is down from the 11 year average of 3064 properties a year.
The boom year of 2004 was the height when properties sold.
However if you not on this chart, 2004 was the year that the highest dollar volume of real estate sold.
What I find significant about the chart is the dollar volume of properties affect the overall economy of the county. From Realtors, lenders, title officers, builders, home furnishings, etc…a large part of the local economy works off of real estate.
And to think that dollar volume levels are back to 2000-2001 levels is quite interesting.