Happy 2008 to you. Glad to be on this side of holidays, hope everyone had a good one and let's hope for a great 2008. Sorry for the delay in the November numbers. Here they go:
11 new homes went on the market in November
5 homes sold in November, 10 sold in Nov 2006
The average days on the market is 127, it was 134 in Nov 2006
On November 2007, there were 117 for sale in Madison. Selling 5 per month it may take a little time to get this inventory down. I'll keep you informed when the December numbers are in.
Hello and happy holidays. I don't know about you but I can't remember being so glad to see a year end. I have high hopes for 2008 and I anticipate an improved mood swing this year. That being said, we are not out of the woods yet. Foreclosures have hit Culpeper county harder than Orange and Madison. There are homes selling for much less now than 18-24 months ago. Here are the number:
There were 127 new listings in Culpeper in November 07
There were 40 homes that went under contract in November 07
There were 38 homes that sold in November 07, 38 also in Nov 06
The average days on the market is 176, as opposed to just 114 in Nov 06.
There are 796 homes for sale as of November 30, 2007. That is an extremely high number. Selling 38 a month isn't going to reduce that number very quickly. I'm curious to see December's numbers, I should have them soon and will get them out to you.
Happy 2008, Let's hope it's a good one. I feel in general that we may be seeing some light at end of a long stretch. Holidays keep me from posting November 07 numbers, I'll have December's numbers very soon.
57 new listings in Orange County in November
23 houses went under contract in November
27 houses sold in November, as opposed to 41 in Nov 2006
The average days on market 169, in Nov 2006 it was 127
As of November 30 2007, there are 537 houses for sale in Orange County, if 27 sell each month it's plain to see that we have an extremely large inventory of homes. I'll keep you updated.
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