Preliminary numbers are in for November and they are very solid.
First of all, we have to remember that the announcement of the tax credit extension didn't come until well into November. So, there was real impetus to try to close as quickly as possible...
Total sales are 533 homes. This is nearly a 100% increase compared to November 2008 sales of 269!
Our median sales price held firm at $155,000. This is down 15% from 2008. New home's median actually went up about $2,000 from October.
Days on market is holding at about 84 days. Not much change form '08 or from what we've seen the last few months.
Homes in the price range of <$160,000 accounted for 36% of all sales in November.
The full data set will be available later today. Watch for an updated commentary later.
Friday, December 11, 2009
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