Market Index
A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market.
The Market Index closed at 0.23, up nine points from last October’s 0.14 and up four points from September
New Listings – Thirty-nine new listings compared to 94 October in 2007.
Pending Ratio – 23 listings entered escrow, compared to 22 in September and 18 in 2007.
Pending Ratio – Jumped to 0.59 from 0.23 in September, compared to 0.23 last October.
Listing Inventory - Two-hundred-twenty-two, down seven from 227 listings, the fifth month in a row that inventory as dropped (327 listings in October of 2007).
Units Sold - Twenty-nine listings sold, in September twenty-two homes sold. In 2007 twenty sold.
Average Sale Price - $421,129 compared to last year $563,188 a 32.4% drop. 
Price Per Square Foot - $394.32, compared to $383.11. The average square foot living area shifted from 1,625 last October to this October’s 1,068 square feet. Typically smaller properties sell for a higher price per square foot.
Summary - Buyers should take advantage of the low interest rates and buy now before they go up. Questions? Contact me for help analyzing your needs.
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