Wednesday, July 9, 2008
Wednesday, June 25, 2008
Home Sales Report
Price Appreciation - Nationally, the median average sales price fell compared to last year, down nationally by -8.0%. The new median average sales price of a home was $202,300. The Midwest showed the smallest decline of -2.93%, followed by reductions of value by -5.06% in the South, -7.75% in the Northeast, and -16.73% in the West.
Median Average - The median average is the "midpoint" sales price. Half the homes were sold above that price and half below.
Inventory Rises - It would take 11.2 months to sell all the existing homes currently available on the market....and people keep listing. There are more than four and a half million homes listed for sale. We're selling less than five million a year. Inventory is measured in two ways. "How many homes are available for sale?" and "How many months would it take to sell the total number of homes available for sale right now, at the current sales pace?" When the sales pace declines, inventory measured in months will increase, even if the same number of homes are for sale. (realestateabc.com)
Median Average - The median average is the "midpoint" sales price. Half the homes were sold above that price and half below.
Inventory Rises - It would take 11.2 months to sell all the existing homes currently available on the market....and people keep listing. There are more than four and a half million homes listed for sale. We're selling less than five million a year. Inventory is measured in two ways. "How many homes are available for sale?" and "How many months would it take to sell the total number of homes available for sale right now, at the current sales pace?" When the sales pace declines, inventory measured in months will increase, even if the same number of homes are for sale. (realestateabc.com)
Thursday, April 10, 2008
Monday, January 28, 2008
Looking for Lakeshore?
We can help. We own property in Crosslake, Minnesota (Whitefish Chain) and know the area well. Give us a call - "The Carlson Team" - Keith Carlson 612.245.9898
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