The number of active listings are up 25.61% this week over the same week in 2006.
New listings are up this week, while pending and sold homes are down compared to sales for the same week in 2006.Please review the numbers and browse our site for additional information on the current market.
| October 28 – November 3 , 2007(compared to the same week in 2006)
New listings up 24.90% Pendings are down 14.72% Solds down 4.86% As for Average Prices: (compared to the same week in 2006) The “New Listings” average list price decreased 2.16% to $285,033. In 2006 the new listing average list price was 291,340. Sold average sales prices increased 5.96% to $251,793. In 2006 it was $237,629 for the same week. We had 9,033 active listings during the same week in 2006? Today there are 11,346 active listings! That is a 25.61% increase from 2006.
MLS Stats are courtesy of Alamo Title |
While the weekly numbers only give us a narrow view of the market, our analysis is that while the overall numbers of sold homes is down from last year. The average sales price is still rising. However there are more homes for sale and that will have an impact on the pricing for areas where there are a lot of homes for sale. Sellers are still to price their homes so that they are 10-20% below the competition if they want a quick sale. Buyers can have more leverage in areas where there a lot of homes for sale.
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