Percent of Sales Price Change:
(from Nov. 2002 to Nov. 2003)
| Single Family |
+3.05% |
| Condo |
+2.00% |
| Average |
+3.50% |
| Total Combined Number of Homes for Sale |
Nov. 2003 - 23,814 |
| |
Oct. 2003 - 25,181 |
| |
Nov. 2002 - 22.494 |
| |
|
Percent of Change in Available Inventory:
(Nov. 2002 vs Nov. 2003) |
5.9% |
| |
|
| Number of Combined Homes Sold this Month |
Nov. 2003 - 3,396 |
| vs. the same month last year: |
Nov. 2002 - 4.204 |
| vs. the previous month |
Oct. 2003 - 4,956 |
| |
|
| Average days on Market - Nov. 2003 vs Nov. 2002 |
Nov 2003 - 85.75 |
| (combined sales) |
Nov. 2002 - 68.75 |
| |
Oct. 2003 - 78.03 |
| |
|
| Absorption Rate: |
Nov. 2003 - 30.38 weeks |
| (number of weeks necessary to sell current |
Oct. 2003 - 22.02 weeks |
| combined inventory at current rate of sales) |
Nov. 2002 - 23.18 weeks |
|
|
Prepared by
Larry D. McGee, CRS, CRB
The Berkshire Group
From data provided by Metrolist, Inc., does not include private or builder sales.