So here it is....
| Trend | 11/15/2008 | 1 month | 3 month | 6 month | 12 month |
| Median Price | $214,900 | -6.2% | -14.0% | -26.5% | -41.8% |
| Inventory | 42,556 | -1.8% | -5.6% | -10.2% | -21.2% |
| Date | Inventory (SFH + Condo) | 25th Percentile | 50th Percentile (Median) | 75th Percentile |
| 11/15/2008 | 42,556 | - | $214,900 | - |
| 10/13/2008 | 43,356 | $160,000 | $229,000 | $340,000 |
As you can see the median asking price has fallen considerably in the last month. Dropping all the way from $229K down to $215K. That's just about normal for the last year or so. It has been averaging between $3k and $5k per week.
Inventory remains steady, fluctuating only slightly. It had been hovering around 48,000 until AB1137 kicked in. After the foreclosure bill kicked in the numbers dropped to around 42,000 and they seem to be sticking right around there.
2 comments:
I talked with the owner of housingtracker this week. Unfortunately, he said that he has had to discontinue the 25%/75% and will only be posting medians monthly. It is a huge loss of valuable data, but I don't know how to get it otherwise. Do you have any clue?
The spread of loss between the high and low is really revealing. For the OC, it is 40% for the 25th percentile, but only 10% for the 75th.
FreedomCM
I don't know how he was pulling his data. If you had the data I don't think breaking it out would be difficult at all. It's possible he was getting the data already filtered though. I liked to see the spread too. Just having the median does little good. You really need to see what the ends are doing to get a better picture of the market trend.
Post a Comment