Monday, July 16, 2007

More STATS from MAAR

June 2005 to June 2007 year to date comparison:


2005 2007 % Change
New Listings 52,414 59,717 + 13.9%
Pending Sales 34,146 24,713 - 27.6%
Closed Sales 26,399 20,044 - 24.1%
Active Listings 21,613 34,630 + 60.2%
Median Price 231,000 232,500 + .6%
Sales to List Price 98.5% 95.7% - 2.8%
Supply-Demand Ratio 3.67 9.36 + 155%
Affordability Index 138 127 - 7.7%

Wow! The Inventory has increased 60% since 2005. That is amazing. But notice how the prices are holding steady - there is some ray of hope for Sellers. But right now there is 9 months worth of inventory! That means the competition for the available buyers is ferocious and will not likely fade very soon. Time will tell what this all means...

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