April Solds in SLO County were down from last year as shown by the following chart.
The slow down in April Solds has us pretty much at the levels we where in 2008 for the first 4 months of the year as shown below. 2008 was a slow year for real estate agents causing many to drop out of the business. It looks like 2009 is shaping up to be another slow year which will force more agents to find other work. I looked at the April Sold details and there are real estate companies with 6-10 agents that didn’t have a single sale in April. Ouch!