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SCV Real Estate Market Update

Average sale price


November 2007: $551,600


Current average sale price: $406,498


Bottom Line: The average sales price is down approximately 26 percent from last year.



Average days on market


November 2007: 112


Current average days on market: 75


Bottom Line: Homes that have sold this year have been on the market 37 days less, or are selling 33 percent faster, this year.


Total closed sales


November 2007: 2,365


Year to date, 2008: 2,065


Bottom Line: There have been 300 fewer sales this year, or 13 percent fewer sales.

Posted Saturday Oct 18

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