makert stats thu october 2010

This month as i looked over the direction of the market, i wondered about the sales price movements and the breakdown of market segments. At the "street" level the market does not "feel" strong and closed, pendings and inventory say that it is not. yet the average and median sales price show and increase, so i did an analysis of what has occurred in the high end this year and as you can see from the graphs below, it is both the highest percentage in unit volume and dollar volume it has ever been and when the high end makes this type of move to moves the avarge pricing numbers move up. what i always try and do is give a contextual reference to what is going on in the market and when you remove the high end influence your can see the market has essentially been flat since 2007. as always people are always buying and selling homes so from my perspective can achieve my clients goals of either buying and selling with the market it requires more work and a greater understanding of price points for both buying and selling.