MRIS has just released sales data for sales of existing homes in September 2006 (see below). The trend I mentioned a month ago continues: the number of units sold continues to decline. What's especially remarkable is that September marks the end of the summer sales season, when housing sales should be at their peak.

- Average days on market has almost doubled YoY (34 days to 66 days)
- Number of units sold declined 15.04% (738 to 627)
- Total dollar volume declined 5.9%
- Condos represented 48.8% of all units sold
Further analysis shows:
- If condos are excluded, the total dollar volume actually declined 9.54%; condos represented approximately 38.47% of the dollar volume.
- All housing categories in the report save one showed YoY declines in sales volume despite higher average sales prices.
No comments:
Post a Comment