C.A.R. Sales to Increase in 2009

C.A.R. (California Association of Realtors) expects prices to continue to drop 6% in 2009, lowering the California median price to $358,000.

However, according to their 2009 California Housing Market Forecast, C.A.R. also predicts that sales will increase by 12.5% in 2009.

These predictions are falling right in line with what we are seeing in the Conejo Valley. Prices are still dropping slightly and sales are increasing. It is possible, that by the end of the year, that Conejo Valley will have more sales than last year.

Anyone care to comment on their predictions?