It really seems like there is a trend in the amount of homes being listed, dropping month after month for the YOY. Seller’s waiting for spring? If you knew your house was gonna be repossessed, would it really matter to you to wait for your ARM to reset before you would put it on the market, or wouldn’t you try to refinance into another, or sell before it’s too late?
If my math is correct the average home cost in Dec, 2005 was $609,396. (Value of closed sales/number of closed sales)
Whereas, the average in Dec, 2006 was $605,539. So, Dec 05 was $3.8K higher than 06.
Comparison between 05 and 06:
January 05 is $6,818 per unit less than 06
February 05 is $45,155 per unit less than 06
March 05 is $37,242 per unit less than 06
April 05 is $30,479 per unit less than 06
May 05 is $31,109 per unit less than 06
June 05 is $3,881 per unit less than 06
July 05 is $7,122 per unit more than 06
August 05 is $29,428 per unit more than 06
September 05 is $824 per unit more than 06
October 05 is $31,952 per unit more than 06
November 05 is $485,235 per unit more than 06
December 05 is $3859 per unit more than 06
I think some of the monthly data may be skewed. Look at
November 05/06 numbers (unless I made a mistake with the spreadsheet). Overall, 05 costs per unit per month, were higher than 06, until July 06 forward.
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