The National and Regional data concerning existing home sales is downright depressing. So I dug into the Multiple Listing Service to take a look at sales in
Starting in November 2007,
According to the National Association of Realtors , existing-home sales fell 3.1 percent to a seasonally adjusted annual rate1 of 4.98 million units in October from a downwardly revised pace of 5.14 million in September, and are 1.6 percent below the 5.06 million-unit level in October 2007. Total housing inventory at the end of October slipped 0.9 percent to 4.23 million existing homes available for sale, which represents a 10.2-month supply2 at the current sales pace, up from a 10.0-month supply in September.
In the Case-Shiller report released yesterday, of the 20 cities tracked, the
The true test of the Alameda Housing Market will come in the upcoming slow winter months. If January and February sales can outpace last years sales it will be a good sign that the market in
Weekly Inventory Report -- Total Alameda Inventory
Data Pulled November 24, 2008 at 11:30 AM
Total Listings: 172
Single Family Residences: 102
Condominiums: 40
Multi-Family: 30
Short Sales: 20
Foreclosures: 15
Highest List Price: $1,995,000
Lowest List Price: $219,900
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