Sandiagon, after looking at the source of your information I can’t for the life of me think why you would make that claim. Volume is up, but prices are way down.
Feb 09 Feb 08
Median Price: $325,000 $430,000 ~ -25%
Average Price: $384,188 $573,022 ~ -33%
Home Sales: 1,432 1,035 ~ 38%
Sale/List Price Ratio: 98.0% 95.2%
Days on Market: 78 83
So the the numbers in terms of median and average are down hugely for one year, and volume has risen accordingly. Every leading indicator in our economy is screaming depression print in 52 point font and you are thinking the bottom is in. As they say on tickerforum, “sold to you.”
Even our house realtors, who I love to bash, unabashedly, aren’t saying the bottom is in. This is a spring bounce.
Oh wait just checked you’ve been a member for 2 months.
Josh
