Monday, April 7, 2008

Median asking price down another $5k this week

Like clockwork the median asking price has dropped another $5k. at the beginning of the year the average was $3k per week, now it's running $5k per week. The inventory has increased by 777 homes in the last week (that's a big jump for one week).



Trend04/07/20081 month3 month6 month12 month
Median Price$304,900-4.7%-12.6%-19.6%-26.7%
Inventory49,226+0.0%-0.5%-7.0%+7.4%




DateInventory
(SFH + Condo)
25th Percentile50th Percentile
(Median)
75th Percentile
04/07/200849,226$229,000$304,900$425,000
03/31/200848,449$230,000$309,900$429,900
03/24/200848,721$235,000$315,000$435,000
03/17/200849,120$239,000$319,500$439,000
03/10/200849,206$240,000$320,000$439,900


data from housingtracker.net

6 comments:

Paige said...

Thanks for the update. Is there a way to monitor the median price by zip code? Guess I have to do that on my own I suppose. :)

golfer_X said...

Dataquick (dqnews.com) will post the median sales by zip but that report will not come out for another couple of weeks or so. They are usually 3 to 4 weeks behind on their reports

elastin said...

thats a big drop

bigdog76 said...

Is this for the Riverside/ San Bernardino County?

I will be looking in the 92336 area code of Fontana. Looking for no more than $330,000 range I will be putting down 20% looking for 3,000 sq ft with 3 car garage. At least a 7,000 sq foot lot.
I will take you advise Golfer X and buy in the fall or winter. With the prices coming down that much I should be able to get in the game. Let me know if you come across any good deal. I am always on here checking the updates.

Rob Dawg said...

Inland Expire.

golfer_X said...

Housing tracker has the cities listed that it tracks. It's not the entire Riv/San Berdu counties though.