Current Market Trends
February 14, 2009 by Doors Of Your Life · Leave a Comment
At current trends, over the next month:
• 563 active SFD listings will be joined by over 250 new SFD listings for a total of over 800: less than 1 out of 8 will go contingent sale (and most of them at the low end).
• 674 active Condo listings will be joined by over 350 new Condo listings for atotal of over 1000: less than 1 out of 10 will go contingent.
• 241 active TIC listings will be joined by over 150 new TIC listings for a total ofabout 400: about 1 in 16 will go contingent.
• 234 2-4 Unit listings will be joined by over 80 new 2-4 U listings for a total of over300:about 1 in 19 will go contingent.
The average days on market for active properties range from about a 100 days to over 130 days (and growing). Lots of days on market; incredible numbers of price reductions; a small number selling – though many of those selling still sell relatively quickly.
