|
In the grand scheme of things, the numbers were not radicaly off what they were a year ago for the month of December. Total number of new listings were down less than 10% and the number of listings sold were only down by 2 units. Average days on market were down over 1 month in 2008 from 2007, while the average list to sale percentage increased by 2.3%. The median list and sale prices were down from 2007, which was to be expected. PLEASE REMEMBER: a drop in median sale price does not reflect loss of value...it shows a shift in the range that buyers are comfortable purchasing homes. This, to many, signals the beginning of recovery in the real estate market for this area - buyers (wishing to insulate themselves from large losses should the real estate market decline further) purchase home more toward the bottom-end of the market (makes sense, doesn't it?). |