The housing landscape has been changing so drastically, alot of people are loosing track of where it was, and where exactly it actually is.
These figures should help keep some sellers grounded, and motivate some buyers. Remember, buy low sell high. Well, here’s your chance.
And now the figures:
Date Median listing price Inventory
4/06 $579,666 27,251
4/07 $545,000 35,489
5/07 $545,000 38,297
6/07 $540,000 40,766 (up 20.4% y/y)
7/07 $535,000 42,685 (up 14.5% y/y)
8/07 $529,000 44,483 (up 13.6% y/y)
9/07 $520,000 46,414 (up 16.9% y/y)
10/07 $510,000 46,603 (up 15.6% y/y)
11/07 $499,900 46,503 (up 19.0% y/y)
12/07 $495,000 (down 10.0% y/y) 43,174 (up 28.2% y/y)
1/08 $479,900 (down 12.6%) 40,850 (up 33.3% y/y)
2/08 $475,000 (down 13.5%) 43,625 (up 38.3%)
3/08 $464,900 (down 15.5%) 42,098 (up 31.4%)
4/08 $450,000 (down 17.4%) 42,430 (up 16.7%)
5/08 $449,900 (down 17.4%) 42,532 (up 11.1%)
6/08 $440,000 (down 18.5%) 42,398 (up 4.0%)
7/08 $425,000 (down 20.6%) 44,636 (up 4.6%)
8/08 $410,000 (down 22.3%) 42,279 (down 5.1%)
9/08 $399,900 (down 23.1%) 42,553 (down 7.9%)
10/6/08 $399,000 (down 22.5%) 40,137 (down 13.2%)
10/13/08 $398,000 (down 22.0%) 40,093 (down 14.0%)
Figures according to Housing Tracker’s weekly analysis of MLS listings.
The market has tanked. Yes, it looks like a tank, but at the end of the day it’s a bunch of balloons. It can’t stay down forever, seize your opportunity!
