Monday, June 2, 2008

This weeks median listing prices

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.......

Trend06/02/20081 month3 month6 month12 month
Median Price$280,000-6.4%-13.8%-22.0%-30.9%

(SFH + Condo)
25th Percentile50th Percentile
75th Percentile

And if these numbers are not bad enough check out the Foreclosure numbers thru May from

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:

ButterMonkey said...

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.