February Market Activity - '00 to '08 |
|||||||||
 |
|||||||||
|
|||||||||
|
The charts above show the number of closed sales in the month of February of each year, '00 through '08, and the number of homes for sale on the last day of the month. Data was gathered from REinfolink. At the bottom of the charts, you will see the number of months it would take for the homes to sell at that month's rate of sales. In addition, the average percentage of list price received by sellers is shown. As you can see, the supply of homes on the market varies wildly and is most affected by consumer confidence. We believe we have just past the "top" of the previous cycle. Homes that have perceivable "issues" are currently declining in value in our area. |
|||||||||
| OUR CURRENT RECOMMENDATIONS: | |||||||||
| SELLERS: | If you are thinking of selling in the near future we encourage you to take advantage of current market values. It has now shifted from a seller's market to neutral. | ||||||||
| BUYERS: | At this point in the cycle, it is imperative to select carefully! Hurry to take advantage of favorable interest rates. (Please call us for details: 650.543.1050) | ||||||||
| Visit links for past Market Activity pages here: |
Year 2008 January :: February :: March :: April :: May :: June :: July :: August :: September :: October Year 2007 August :: September :: October :: November :: December |
||||||||
