Month-to-Date Market Statistics from July 1 - July 12 2010:

  MTD July
  2010 2009
Net Unconditional Sales: 155 933
New Listings: 399 1,357
Active Listings: 4,428 3,632


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year
The 1st two weeks of July indicate a "cooling" trend in sales, in comparison to the same period last year.  At this same time last year, we had 360 pending/closed sales of the first 12 days of June. This translates to a drop of 55% in the number of homes sold for the first 12 days of July 2010.
 
On the flip side, the number of new active listings for this same 12 day period is also less than that of last year. A year ago there where 515 new listings that came onto the market between July 1 - July 12, 2009,  while this year there were only 399 new listings during July 1 - July 12, 2010. This amounts to a drop in inventory of 22.5%
However, when we look at the bigger picture, the year to date indicates that we are definitely in a buyer's market. The number of active listings this year-to-date is up over 22% over the same time period last year, and we are on pace to reach 465 sales for the month. Based on these numbers we are expected to have a 9 month supply of homes on the market, which translates to some better prices and better buys for those considering purchasing real estate. 
If you have any real estate related questions, or wish to find out what your property is worth in today's market, give us a call at (250) 704-6970. We'd be more than happy to assist you in any way.