Market Data for DECEMBER 2006 - San Marcos, CA

Here are the end of the year statistics from the MLS for the month of December.

I provide these every month to my past, current and prospective clients, because I believe strongly that an educated consumer is in the best postiion to make a wise purchase and/or sale in this market.

The inventory in San Marcos dropped 13% from the end of November, although this is likely due, at least in part, to the holiday season. Any changes in the period after the holidays will give us a good indication of what the spring market might offer. As you can see, prices are remaining fairly stable as compared to the previous month as well as a year ago, with just a small change in the median price for detached homes.

Despite the change in the inventory, there is much for buyers to see and choose from. This remains a good time to buy, as the rates are still VERY favorable.

If I can provide more information, or answer any questions, please don't hesitate to ask. And if you are a first time buyer, or are relocating to the area, you might want to check out these blogs for more helpful information.

Have a great weekend!