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Jean’s February Analysis

February saw an increase in the number of Pending Sales….Days On The Market dropped substantially over the January numbers, which means houses coming on the market are being priced more aggressively & selling in record time.  The SOLD/settled properties represent old inventory finally getting to settlement,  DOM for those settled properties up 30% over the 2008 yearly average.

The ONE number that stands out and is of some concern…..the Pending Sales List Price for February 2009 – $298,277 (not shown above). It represents an almost 10% drop this month alone over the Average SOLD/settled Price of $321,799. The coming months will tell us if this truly reflects a drop in the SOLD Homes Average Price OR it might reflect that demand is increasing for lower priced homes…….
Time will Tell.  Stay tuned.

This entry was posted on Sunday, March 1st, 2009 at 1:58 pm and is filed under Market Statistics 2009. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.