SCV Market Update....

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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