Here are some stats you can spit off at your next family get together:
*1st quarter 08 home sales in SL county are DOWN 67% from 1st quarter 07. Sales are lower than 2003 numbers.
*Homes have seen a 36% increase in value since 2003.
*28% of homes on the market are selling. Or, for the pessimist, 72% of homes are not selling. Contrary to popular belief, this is actually normal. THE MARKET HAS GONE BACK TO NORMAL. NOT COLLAPSE.
*During the boom, about 70% of homes were selling.
*The average home price fell to $267K. Down 7% from last quarter. I thought is was a law that real estate values always went up?
*Congress is full of idiots.
*There are currently more than 8200 homes for sale. About 2000 too many.
*SL county has a 8.7 month supply of homes. Buyer's market, baby. Buyer's market. Draper has a 13.1 month supply. Mega buyer's market.
*Did I mention congress is full of idiots?
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1 comment:
Damn! Now if I just had some cash to afford a new home!
-Bryan
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