Median Listing Price was down 1.62% since last month (from $315,000 to $309,900). This one-month decrease is the largest one-month decrease since Housingtracker.net (my source) started tracking the data in April 2006. The Median Listing Price is now down 11.46% since last year and down 18.44% since April 2006.
Last month, I reported that the inventory trends seem to be slowing. Well, this month it has picked back up again with a 1.57% month-to-month increase. The inventory trend has now resumed its normal growth track. They are now up 19.34% since this time last year and an amazing 52.38% since April 2006.
The following graphs show the trends since April 2006:
Stumble It!
7 comments:
I was just thinking about asking you for an update on the median listing price two days ago! LOL
Didn't realize you did it Monthly.
Yeah, In coral springs, one of the areas I watch, inventory is way up. Prices are falling but are still sticky. I can't believe what ppl think a buyer should get for 300k +. They are crazy.
Those charts are alarming. And to think that, despite the obvious, there's still real estate cheerleaders like Dr. Dani who still claim that we'll only see a 5% drop.
Maybe dr danni means 5% THIS QUARTER. LOL
i'd like for "dr" danni to buy my house since it's a great time to buy
A one-month 1.62% drop?
If we continue at that pace, we'll drop 17.80% over the next year.
anon,
Actually, 1.62% times 12 months = 19.44% !!
Almost 20% annualized!!
This is amazing news.
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