Grand Junction Real Estate Statistics for October 2008

I know I'm getting this information to you a bit late this month. Sorry! The good news is that I should have November's Stats in a couple of weeks.

I would encourage you to view the graphs with these statistics at My Other Blog.

The Summary for October 2008 looks like this -

• October was a very slow month for real estate in Grand Junction. However after the election business picked up, at least for our office.
• 159 homes sold. Also, we went from average days on the market(DOM) to average months on the market and that was at 4.2 average months.
• In October, inventory was down considerably for homes priced lower than $450,000.
• The average price of the homes sold this month went down slightly by $4,002 to $246,787.

Disclaimer, I get the monthly statistics from my broker and his numbers take into account the expired listings and therefore slightly differ from my weekly statistics