Market-at-a-Glance

The Market-at-a-Glance section contains an overall summary of the trends described in our detailed articles.

A recap of the current market indicators are as follows:

1.       Resale Listings

      Resale listings in November followed the October pattern of no significant change.  These two months are the first time in 18 months that there has not been a significant increase in the listing count and the first two months since January 2006 that a new monthly listing count record was not set.  The count remains abnormally high at 45,261.

 The number of resale listings fell by 2,327 in November, which is only the second monthly decline since April 2005.

 2.        Resale Sales

       Resale sales volume is down from November of last year by 2,030 (2005 was significantly inflated by speculator activity) and down 2,751 sales from November 2004 (the October 2004 figure was also inflated by speculator activity). 

 Resale sales volume is down 373 from November 2003.  

 Resale sales volume is down 45 from November 2002.  This month is only the second time that the sales level has dropped below the 2002 level for the same month (this is one of the two numbers that has the most significance in this entire report).

 3.        Resale Sales Price

      The median sales price remained constant at $250,000 keeping it in line with June 2005.  The appreciation rate for the last fourteen months is a negative 3.3% on an annualized basis.

Provided by : InDepth Analysis