Monday, September 15, 2008

The weekly tumble

This weeks median listing price from housingtracker.net shows the prices are still heading towards the cellar. The median for the core areas dropped $5k this week. The high and and the low end dropped a bit less. The telling number is the inventory, it's up 10% in the last month.

These are the numbers for the core areas of Riverside 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


Trend09/14/20081 month3 month6 month12 month
Median Price$240,000-4.0%-12.7%-27.3%-42.6%
Inventory15,443+9.9%+4.2%+7.0%+0.7%


DateInventory25th Percentile50th Percentile
(Median)
75th Percentile
09/14/200815,443$177,900$240,000$339,000
09/07/200814,569$179,900$244,900$340,000
09/01/200813,852$180,000$248,000$345,000
08/29/200813,590$180,000$249,000$349,000
08/21/200813,661$184,900$249,900$349,900
08/14/200814,047$185,000$250,000$349,900

2 comments:

Rob Dawg said...

Price$240,000
1 month -4.0% annualized -40%
3 month -12.7% annualized -42%
6 month -27.3% annualized -47%

Things are getting less worse less quickly.

Cinnamon said...

hey
we are talking about the housing crisis this week on www.purplestates.tv (bipartisan video project working with the washington post). You have some good thoughts about this. Want to come join us?

Cinnamon Kennedy
online producer
www.purplestates.tv
twitter: cinnamonk