Real Estate Market 2007 vs 2008

Across the New River Valley we saw slight declines for 2008. The following chart was compiled with data taken from the New River Valley Association of Realtors MLS system. Year end numbers and comparsions are available to members. The numbers were transferred to this spreadsheet. Click image for larger version.
What does this mean? We spent too much time watching the news and listening to them tell us how bad the economy and housing market was. No really, the New River Valley isn't immune to the national economic downturn. But we did much better than most of the state and nation. Here's to a great 2009.