The 2013 Graph of Listing and Selling Prices |
The 2014 Graph of Listing and Selling Prices |
Fall is here and with it should be the busy fall real estate market. But, the year-to-date sales numbers are awful: down 16% year to date, down 18% in the quarter and down 50% for the month. Sellers are scratching their heads and beginning to lower prices in response to a relatively high absorption rate of 11 months (vs. 9 last year) and inventory of 240 houses (vs. 200 at this time last year)
Single Family: Absorption is at 11 months versus 9 at this time in 2013 |
Single Family: Sold to List Ratio seems Normal at 94% of Original Price |
Condo Sales: Sold to List Ratio for the Condo Market is Stunning at 100% |
For the full market report, click here.