Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley February 18 - 2010

Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley February 18 - 2010
Days on the market (DOM) is a great indicator of the current trend within your local real estate market. Days on the market show buyer appetite the longer a home is on the market the less appetite; you can breakdown the DOM by price as well. Typically the more the price the longer a home will sit on the market waiting for that high-end buyer. Another indictor is price (of course), combined with DOM you can see the price trend, in the Antelope Valley, Palmdale Lancaster area we have been seeing price moving higher on the mid range homes between 120,000 and 170,000 for the last 8 months.

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Monthend Numbers

The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.
Dailys*

New Listings	44
Back on Market	5
Price Increases	6
Price Reductions	10
Pendings	39
Solds	12
Expireds	2
Inactives	5

Absorption Rate*
Current Month 1.7 Months
At Last Months Rate 2.2 Months

Historical High 5300+ Mid 2007

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Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.

(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth

*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.