The numbers are in and as I had been saying all along, listing volume is up and sales volume is down. List prices are likewise tumbling downward!

November 2006 saw a 14% increase in the number of listings over November 2005. Plainfield had 316 single family homes listed for November 2006 with a median list price of $324,900, averaging 91 days on the market. Of the 316 listings, 24 were new with a median price of $269,900. During the month there were 16 sales with a median sales price of $324,000. Sales were down by 55% in comparison to November 2005. However, the sale price to list price was a strong 99.7%.

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