SCV Real Estate Market Update

Real Estate Agent with RE/MAX Olson

Average sale price 

November 2007: $551,600 

Current average sale price: $406,498 

Bottom Line: The average sales price is down approximately 26 percent from last year. 


Average days on market 

November 2007: 112 

Current average days on market: 75 

Bottom Line: Homes that have sold this year have been on the market 37 days less, or are selling 33 percent faster, this year. 



Total closed sales 

November 2007: 2,365 

Year to date, 2008: 2,065 

Bottom Line: There have been 300 fewer sales this year, or 13 percent fewer sales.

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