SCV Real Estate Market Update

By
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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