SCV Market Update....

By
Real Estate Agent with RE/MAX Olson


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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