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Viewing 6 posts - 1 through 6 (of 6 total)
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  • May 10, 2007 at 12:06 PM #9051
    little lady
    Participant

    This is only RESALE not new housing, but it’s down YOY and from last month AGAIN!!!!

    http://sandicor.com/statistics/stats2007/04-2007/April-monthly-stats.pdf

    May 10, 2007 at 2:13 PM #52362
    CAwireman
    Participant

    LL,

    Nicely shown.

    April 2007 is down 586 over March 2007.

    April 2007 is down 517 from April 2006.

    Additionally:

    The 2006 March to April drop was 221, which is less than
    half that of the 586 number for this year!

    Thanks for posting the Sandicor data.

    Sincerely yours, HiggyBaby

    (Formerly known as cawireman)

    May 10, 2007 at 2:17 PM #52365
    little lady
    Participant

    There seems to be no “spring rally” yet, and summer’s around the corner now! Do you think you see a trend forming?

    May 10, 2007 at 2:25 PM #52366
    23109VC
    Participant

    so for those of you who historically track the season cycles of up/downs int he resale market…

    is April/May typically a high or low time of the year in terms of sales?

    I’m just wondering…since in 2006 there was a decrease in sales from April to May, it’s normal to see a drop from April to May in 2007? it’s just larger.

    is the ratio of the drop statistically significant if you analyze drops from April to May of say 05 04 03 02 00 99 98 97 96 95 etc?

    May 10, 2007 at 2:33 PM #52371
    NotCranky
    Participant

    Higgy
    It looks like you are looking at the number of new listings.
    Sales are down too but the listings are declining at a faster rate than sales are across the board month to month. Some sort of equilibrium would be reached if this continued.Probably won’t though. Sales will probably start declining at a faster rate than inventory from here (give or take a month). At a casual glance it seem like the rate of properties going into pending is slowing dramatically this month .(someone with more free time than me can check it?) Anyway the inventory boom of a year or so ago shows that inventory in itself isn’t a big enough factor to bust this market. It has go to be about foreclosures and interest rates/lending standards as seems to be the consensus on the site now.

    May 10, 2007 at 2:37 PM #52372
    little lady
    Participant

    “is April/May typically a high or low time of the year in terms of sales”
    It seems to be mediocre……..
    If you go to the sandicor website you can get some of this information for free. Every month is different, last year April was lower in sales than March, but I do not believe that is true for every April. I checked ’05 and April sales were actually higher……….ttfn

    here’s the link…
    http://sandicor.com/

    CLICK ON SALES STATISTICS

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