I was looking through our local MLS (Northeast SD) today and found some interesting stats. I ran a comparison from January 1st to March 9th. (2007 vs. 2008) Here is what I found:
- Closed sales were down 29% 90 in 2007-----------------64 in 2008
- Sales volume was down 16% $12,019,504 in 2007------$10,075,731 in 2008
- Average sale price is up 18% $133,550 in 2007---------$157,443 in 2008
Maybe 2+ months isn't a long enough snapshot of the market. (Especially since it was SOOO cold here in January and February compared to last year.) Only time will tell...
The surprising stat to me is the average sale price. 16% seems like a very significant jump. Is anyone else seeing this trend?
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