Wednesday, November 19, 2008
Friday, November 7, 2008
W29 Market Statistics
October, 2008 vs. October, 2007The number of active listings in W29 has increased dramatically in October, 2008 over the same month in 2007. There are 74.17% more listings on the market this month over October, 2007. There were also 15.19% more homes listed in October, 2008 vs. October, 2007. The number of homes sold decreased by 21 homes, or 36.84%. Continue to prepare your sellers for a longer stay on the market; the average days on market increased from 35 to 49. Average sale prices are down by 9.10%.
Year to Date, 2008 vs. Year to Date, 2007
The number of homes listed in W29, year-to-date has increased from 847 in 2007 to 945 in 2008, which is an increase of 11.57%. The number of homes sold decreased by 18.74%. Average sale prices are up 3.82% year over year. Keep in mind, however, that the average sale price in September and October is lower than the average price year to date, as prices started out higher, but are continuing to level off.
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