Monday, July 14, 2008

The weekely tumble

Here's this weeks median listing data from The core areas took another beating this week falling about $6000 across the board. That's a healthy drop for a single week. The inventory crept up but is still within a few hundred of where it was at the start of the year. I've heard from a few agents that the traffic is starting to slow. Maybe the summer rush it petering out or all the knife catchers have already bought. I haven't seen any data to back up there observations. It also might have something to do with the news in the last few weeks. Lets face it, when the stock market is tanking, banks are failing and the government backed lenders are on the verge of total meltdown it doesn't give one a warm fuzzy feeling. So here's the data!

Riverside, California

Including Arlington, Bloomington, Box Springs, Canyon Crest, Casa Blanca, Colton, Corona, Crestmore, Fontana, Grand Terrace, Jurupa, La Sierra, Mira Loma, Moreno Valley, Norco, Perris, Rubidoux, Woodcrest

Trend07/14/20081 month3 month6 month12 month
Median Price$260,000-5.5%-16.1%-27.8%-40.2%


DateInventory25th Percentile50th Percentile
75th Percentile

1 comment:

Oldtimer said...

Getting closer.

In inflation adjusted dollars, $260K today would be equal to $143K in 1987 dollars. The low $200K range would be on par with $90-$110K in 1987 - a time when IE prices were considered balanced.