Housing Market Woes Continue
Tight lending restrictions and high unemployment as still affecting an already struggling housing market.
According to the National Association of Realtors, sales of existing homes fell 2.2% in October to a seasonally adjusted annual rate of 4.3mln units. The height of the Market was back in September 2005 with a peak of 7.25mln units sold. That is a decrease of 38.9% in the last 5 years.
The past July was the slowest pace for sales in the last 15 years. The market gained some momentum in August and September, but these latest numbers for October remind us that we are still not out of the woods.
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TruliaStats
AVERAGE SALE PRICE LAST 3 YEARS
AVERAGE DAYS ON MARKET LAST 3 YEARS
UNITS SOLD LAST 3 YEARS
AVERAGE SOLD PRICE TO ASKING PRICE RATIO LAST 3 YEARS
AVERAGE SALE PRICE LAST 3 YEARS
AVERAGE DAYS ON MARKET LAST 3 YEARS
UNITS SOLD LAST 3 YEARS
AVERAGE SOLD PRICE TO ASKING PRICE RATIO LAST 3 YEARS
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