Overall the market has some positive signs in November. We sold 1120 properties this month. To give some perspective here are previous November's sales:
Nov 2009 1261 solds
Nov 2008 891 solds (Financial crisis period)
Nov 2007 1223 solds
Comparing 1120 sales to previous years we are right on the average of the previous 3 years of 1125 sales. The sales were actually higher in November than in October. That is another positive sign.
November new listings were 1860. Again looking at previous Novembers:
Nov 2009 1894 new listings
Nov 2008 2036 new listings
Nov 2007 2729 new listings
The new listings for the month are lower than the previous 3 year average of 2220 new listings.
Prices did slip for Single Family and Condos. Duplex and rowhouses went up in November
Single Family $362,656 down
Duplex/Rowhouse $318,604 up
Condos $229,603 down
Prices normally do slip in the fall, so no surprise here. The number of homes for sale has dipped under 7000 to 6982.