Not much action out on the high and low ends but the middle dropped another $5K this week. Also not much change in the inventory. The sales and the expired listings seem to be balancing out the new listings. The median has dropped $19K in the last 30 days, 6.4% in 30 days! And to think, this is the selling season, the best time of year. The time of year when prices traditionally go up the most. Yikes.......
| Trend | 06/02/2008 | 1 month | 3 month | 6 month | 12 month |
| Median Price | $280,000 | -6.4% | -13.8% | -22.0% | -30.9% |
| Inventory | 46,949 | -2.1% | -5.9% | -13.0% | -8.0% |
| Date | Inventory (SFH + Condo) | 25th Percentile | 50th Percentile (Median) | 75th Percentile |
| 06/02/2008 | 46,949 | $200,000 | $280,000 | $399,000 |
| 05/26/2008 | 47,187 | $200,000 | $285,000 | $399,000 |
| 05/19/2008 | 46,779 | $208,900 | $289,000 | $399,900 |
| 05/12/2008 | 47,403 | $210,000 | $292,500 | $402,500 |
| 05/05/2008 | 47,960 | $215,000 | $299,000 | $410,000 |
And if these numbers are not bad enough check out the Foreclosure numbers thru May from foreclosure.com.
05/2008: 10,772 That's up about 275%
05/2007: 3,923
San Berdu
05/2008: 7,969 That's over 360% higher than last year!
05/2007: 2,205
1 comment:
Damn, I was looking forward to that 25th percentile slipping into the 100's.
Me thinks I'm going to thoroughly enjoy the prices of houses this fall/winter.
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