Sales Statistics
We track the number of homes for sale, the number sold, the number of listings that expire unsold, the number of Short Sales, the number of Foreclosures and the change from day to day in our main market area. Attached as excel spread sheets are the 2008 and 2009 statistics.
To help you understand the information; Exp is expired, Pend is pending, Cont is contingent, Temp OM is temporarily off the market, Can is canceled, BOM is back on the market, BO&F is bank owned and foreclosures, Short is short sales and YUT SHT is the totals of short sales in the entire MLS taken from our web site http://www.yourultimateteam.com/shortsalesandpreforeclosures.php .
If you look at the average number of home on the market in Dec of 2005 it was 2944. In Dec of 2006 it was 5374 and about the same in Dec of 2007 at 5363. The numbers for sale in Dec of 2008 were 4728 and today, June 14 2009 there are 4314 for sale in our main market area. There are 35% more homes for sale today than in Dec of 2005. Our numbers for sale peaked in April of 2007 at 6065 which is over twice the number for sale in Dec of 2005. We are gradually working off the excess inventory; we dropped under 4000 on the market in August.
The sales prices of homes seem to have bottomed out, but the asking prices still have some softness to them. Some homes have had the excess wrung out of the prices and many have not. Once the excess inventory is worked off prices will rebound as most of the prices are far below replacement cost at present.
If you have questions or comments feel free to call Jim at 561-308-1189 or just e-mail back.
Yours truly, Jim & Ruth Jacobs