Wednesday, December 12, 2007

November 2007 Market Stats

November 11/1/07 – 11/30/07

Comparative MLS Recorded sales for Nassau County for last 3 years in November.

2005 2006 2007 Active 12/2007
Residential
92
61
30
853
Condominiums
15
13
5
374
Vacant Lots
17
9
2
669

Sold to List 87.3% Sold to Original 76.87%

HOME SALES - FloridaDisruptions in the mortgage market and tightening credit continued to impact Florida’s housing sector in October, with statewide sales of existing single-family homes totaling 9,165, a decrease of 29 percent from the October 2006 figure. The statewide existing-home median price last month was $222,100.

BOA – Survey Results

Another Quiet Month with Few Buyers Swayed by Lower Prices
Traffic index up slightly, but due primarily to lower expectations (based on
continued weak demand and a seasonally slower time).

Our traffic index improved to 20 in November from 18 in October, but remains depressed. Price index inches back down, and only limited talk of interest at lower
prices. Our price index was essentially flat at 17.1 in November, down from 18.2
in October (readings below 50 indicate sequentially lower prices). Once again,
agents noted price declines in every market we surveyed. However, what was
interesting is that few agents noted any positive buyer response to the lower
prices, primarily as buyers remained concerned about buying before the bottom.
Inventory still rising and will likely pressure prices. John Holbrook - REALTOR Prudential Chaplin Williams Realty Amelia Island, Fernandina Beach, Yulee FL 32034 904-415-0171 holbrook66@msn.com Search the entire MLS at www.nassaumls.net

No comments: