- This topic has 12 replies, 3 voices, and was last updated 16 years, 9 months ago by
Bugs.
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November 9, 2007 at 4:46 PM #10873November 9, 2007 at 4:51 PM #97931
djrobsd
ParticipantIronically, 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.
November 9, 2007 at 4:51 PM #97997djrobsd
ParticipantIronically, 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.
November 9, 2007 at 4:51 PM #98004djrobsd
ParticipantIronically, 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.
November 9, 2007 at 4:51 PM #98011djrobsd
ParticipantIronically, 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.
November 11, 2007 at 9:00 AM #98338RottedOak
ParticipantHome 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.
November 11, 2007 at 9:00 AM #98401RottedOak
ParticipantHome 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.
November 11, 2007 at 9:00 AM #98411RottedOak
ParticipantHome 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.
November 11, 2007 at 9:00 AM #98420RottedOak
ParticipantHome 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.
November 11, 2007 at 9:08 AM #98345Bugs
ParticipantThe 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.
November 11, 2007 at 9:08 AM #98409Bugs
ParticipantThe 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.
November 11, 2007 at 9:08 AM #98419Bugs
ParticipantThe 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.
November 11, 2007 at 9:08 AM #98426Bugs
ParticipantThe 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.
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