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December 20th, 2007 11:21 AM by David W. Welch
Yikes! I expected December to be down, but we may see more headlines in the newspaper when the numbers for the month are release in January. Right now, according to my statistics, there have been 547 closed sales with a median sales price of $224,900. That is a $10,000 drop in median price from the last three months. It is still early in the month, and there will probably be a push to get some things closed before the end of the year. If these numbers hold though, we will see sales in the 900 range again.
The numbers I pay closer attention to are the inventory which is down actually to just over 27,000 and pending sales which are also down around 1,725. Both are down, because of the time of year. Hopefully, the inventory will stay down and the pendings will grow. I personally had a great month with over $600,000 in sales. Last month was also pretty good with almost $530,000 closed.
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