December 2010
Real estate market stable at year-end
New listings (-21% Year on year, -44% month on month)
sales (-24% Year on year and month on month)
prices on all types (up 2.7% year on year, -0.39% month on month)
prices on detached (up 4% year on year, -0.2% month on month)
Detached price index is down 2.5% from the peak in April 2010.
The biggest stunner is the drop in listings. Anecdotal data suggests sellers are holding off the market in hopes of a vibrant spring.
1 comment:
Well I don't know if it's a "stunner" as there is generally more price weakness in the winter than other seasons. I think it's fair to say the general malaise of sales from earlier in the year ended with a suitable bookend.
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