Single family home sales in the first 3 weeks of 2011 are ahead of last year’s level by almost 6% with 467 transactions.
In the final 10 days of January 2010, a total of 321 properties sold. Will an average of 32 properties sell everyday to cap off a year-over-year increase?
It’ll be close as pending sales lately have been slightly ahead of last year- we’ll see if it matches the month-end spike. (The small broken line in early January 2010 on the pending sales graph are estimated amounts as I missed recording the data 😦 )
Condo sales are down almost 25% from last year, with pending sales not showing much acceleration in the near future.
Because I’m missing a few days of data, I don’t have the exact inventory amounts for January 21, 2010. However, on January 23rd SFH inventory was at 2472, while condo inventory was at 1389.
So inventory is currently about 24% higher for SFH and 14% higher for condos than the same week last year.
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