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SCV Market Update....
Average Sale Price at this time, 2007: $551,100
Current average sale price: $458,081
Bottom line: The average sales price is down approximately 17 percent from last year.
Average Days on Market of Sold Homes at this time, 2007: 108
Current average days on market: 78
Bottom line: Homes that have sold this year have been on the market 30 days less, or are selling 28 percent faster, this year.
Total Closed Sales at this time, 2007: 1,966
Year to date, 2008: 1,543
Bottom line: There have been 423 fewer sales this year, or 22 percent fewer sales.
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