So we are coming down to the end of the year and just as we have been saying all year, the sky is NOT falling. Neither are prices! But inventory is!!!! We track the markets very closely. Here's some interesting facts:
| 12/21/2006 | ||||||
| Newport | ||||||
| Single Family | ||||||
| Active | Sold | Average Sales Per Month | Months of Inventory | Percent of Supply | Percent Sold | |
| $0 to $200,000 | 2 | - | - | - | 1% | 0% |
| $200,001 to $300,000 | 5 | 15 | 1 | 4 | 4% | 9% |
| $300,001 to $400,000 | 28 | 33 | 3 | 10 | 20% | 21% |
| $400,001 to $500,000 | 25 | 48 | 4 | 6 | 18% | 30% |
| $500,001 to $600,000 | 18 | 19 | 2 | 11 | 13% | 12% |
| $600,001 to $700,000 | 9 | 12 | 1 | 9 | 6% | 8% |
| $700,001 to $800,000 | 12 | 8 | 1 | 18 | 9% | 5% |
| $800,000 & up | 42 | 24 | 2 | 20 | 30% | 15% |
| Total | 141 | 159 | 14 | 10 | 100% | 100% |
Please let me know your thoughts.
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