Decline in # of homes sold in SD levels off for Oct according to Sandicor

[djrobsd]

http://www.sandicor.com – sales statistics – monthly sales

Shows # of closed sales:

Oct: 1,472
Sep: 1,493

On the other hand, that’s still way off from

Aug: 2,192
July: 2,189
June: 2,468
May: 2,377
April: 2,444
March: 2,479
Feb: 1,820
Jan: 1,768

Lots of other data on there too…. I’m sure the UT and DataQuik will summarize it all next week, and post another front page “real estate sinks” article. LOL

[djrobsd]

Ironically, if you look at my zip code, it says the median for single family resale homes sold was $600,000 as oposed to $425,000 in September, which just goes to show how BOGUS this whole “median home value” stuff is!!!

wouldn’t that be funny if the union tribune said “Normal heights real estate up 40% this month”

Also for my zip, list to sale price dropped from 96.17% to 94.94%, and average days on the market increased from 25 days to 44.

[djrobsd]

Ironically, if you look at my zip code, it says the median for single family resale homes sold was $600,000 as oposed to $425,000 in September, which just goes to show how BOGUS this whole “median home value” stuff is!!!

wouldn’t that be funny if the union tribune said “Normal heights real estate up 40% this month”

Also for my zip, list to sale price dropped from 96.17% to 94.94%, and average days on the market increased from 25 days to 44.

[djrobsd]

Ironically, if you look at my zip code, it says the median for single family resale homes sold was $600,000 as oposed to $425,000 in September, which just goes to show how BOGUS this whole “median home value” stuff is!!!

wouldn’t that be funny if the union tribune said “Normal heights real estate up 40% this month”

Also for my zip, list to sale price dropped from 96.17% to 94.94%, and average days on the market increased from 25 days to 44.

[djrobsd]

Ironically, if you look at my zip code, it says the median for single family resale homes sold was $600,000 as oposed to $425,000 in September, which just goes to show how BOGUS this whole “median home value” stuff is!!!

wouldn’t that be funny if the union tribune said “Normal heights real estate up 40% this month”

Also for my zip, list to sale price dropped from 96.17% to 94.94%, and average days on the market increased from 25 days to 44.

[RottedOak]

Home sales have seasonal variations, so it is more useful for compare year-over-year rather than month-over-month. Here are the comparisons of number sold by month, last year and this year:

Month : 2006 : 2007 : % change
Jan : 1876 : 1768 : -5.8%
Feb : 1912 : 1820 : -4.8%
Mar : 3006 : 2479 : -17.5%
Apr : 2626 : 2444 : -6.9%
May : 2903 : 2377 : -18.1%
Jun : 2859 : 2468 : -13.7%
Jul : 2446 : 2189 : -10.5%
Aug : 2571 : 2182 : -15.1%
Sep : 2139 : 1493 : -30.2%
Oct : 2189 : 1472 : -32.8%
YTD : 24527 : 20692 : -15.6%

The YOY percentage decline for October was greater than for September, and more than double the average decline for the year. Obviously there was a huge acceleration of decline in Aug-Sep (presumably due to lending issues), and not so much acceleration in Oct. So in that sense you could say the decline has “leveled off,” but things are still getting worse.

[Bugs]

The volumes for 2007 are on track to be the lowest since 1996, and we may end up missing that number by less than 1,000 units.

I’m going to go out on a limb here and predict that the volumes for 2008 will be the lowest since the early 1980s, back when we had a lot fewer units overall.

That’s why when Sandicor tells us that October didn’t suck much more than September I am underwhelmed.

[Bugs]

The volumes for 2007 are on track to be the lowest since 1996, and we may end up missing that number by less than 1,000 units.

I’m going to go out on a limb here and predict that the volumes for 2008 will be the lowest since the early 1980s, back when we had a lot fewer units overall.

That’s why when Sandicor tells us that October didn’t suck much more than September I am underwhelmed.

[Bugs]

The volumes for 2007 are on track to be the lowest since 1996, and we may end up missing that number by less than 1,000 units.

I’m going to go out on a limb here and predict that the volumes for 2008 will be the lowest since the early 1980s, back when we had a lot fewer units overall.

That’s why when Sandicor tells us that October didn’t suck much more than September I am underwhelmed.

[Bugs]

The volumes for 2007 are on track to be the lowest since 1996, and we may end up missing that number by less than 1,000 units.

I’m going to go out on a limb here and predict that the volumes for 2008 will be the lowest since the early 1980s, back when we had a lot fewer units overall.

That’s why when Sandicor tells us that October didn’t suck much more than September I am underwhelmed.

[RottedOak]

Home sales have seasonal variations, so it is more useful for compare year-over-year rather than month-over-month. Here are the comparisons of number sold by month, last year and this year:

Month : 2006 : 2007 : % change
Jan : 1876 : 1768 : -5.8%
Feb : 1912 : 1820 : -4.8%
Mar : 3006 : 2479 : -17.5%
Apr : 2626 : 2444 : -6.9%
May : 2903 : 2377 : -18.1%
Jun : 2859 : 2468 : -13.7%
Jul : 2446 : 2189 : -10.5%
Aug : 2571 : 2182 : -15.1%
Sep : 2139 : 1493 : -30.2%
Oct : 2189 : 1472 : -32.8%
YTD : 24527 : 20692 : -15.6%

The YOY percentage decline for October was greater than for September, and more than double the average decline for the year. Obviously there was a huge acceleration of decline in Aug-Sep (presumably due to lending issues), and not so much acceleration in Oct. So in that sense you could say the decline has “leveled off,” but things are still getting worse.

[RottedOak]

Home sales have seasonal variations, so it is more useful for compare year-over-year rather than month-over-month. Here are the comparisons of number sold by month, last year and this year:

Month : 2006 : 2007 : % change
Jan : 1876 : 1768 : -5.8%
Feb : 1912 : 1820 : -4.8%
Mar : 3006 : 2479 : -17.5%
Apr : 2626 : 2444 : -6.9%
May : 2903 : 2377 : -18.1%
Jun : 2859 : 2468 : -13.7%
Jul : 2446 : 2189 : -10.5%
Aug : 2571 : 2182 : -15.1%
Sep : 2139 : 1493 : -30.2%
Oct : 2189 : 1472 : -32.8%
YTD : 24527 : 20692 : -15.6%

The YOY percentage decline for October was greater than for September, and more than double the average decline for the year. Obviously there was a huge acceleration of decline in Aug-Sep (presumably due to lending issues), and not so much acceleration in Oct. So in that sense you could say the decline has “leveled off,” but things are still getting worse.

[RottedOak]

Home sales have seasonal variations, so it is more useful for compare year-over-year rather than month-over-month. Here are the comparisons of number sold by month, last year and this year:

Month : 2006 : 2007 : % change
Jan : 1876 : 1768 : -5.8%
Feb : 1912 : 1820 : -4.8%
Mar : 3006 : 2479 : -17.5%
Apr : 2626 : 2444 : -6.9%
May : 2903 : 2377 : -18.1%
Jun : 2859 : 2468 : -13.7%
Jul : 2446 : 2189 : -10.5%
Aug : 2571 : 2182 : -15.1%
Sep : 2139 : 1493 : -30.2%
Oct : 2189 : 1472 : -32.8%
YTD : 24527 : 20692 : -15.6%

The YOY percentage decline for October was greater than for September, and more than double the average decline for the year. Obviously there was a huge acceleration of decline in Aug-Sep (presumably due to lending issues), and not so much acceleration in Oct. So in that sense you could say the decline has “leveled off,” but things are still getting worse.

[Author]

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