Market Condition Report for The High Desert Region 08/03/2007
Resale market only. Some new homes, government, For Sale By Owners, out of area transactions excluded. Report
intended to be generally descriptive of market condition and direction, not definitive. Report is date of report minus 60 days.
Archives  |
History of Median Price
2005-2007 | Area Totals |
Sales This Year to Date VS
Last Year to Date
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Relative to the same period last year, the market in
terms of resale transactions is off about 51%.
The last report was -51%
| Percent Selling
Market Efficiencies by Month |  | | Supply and Demand By Price Comments | 
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In terms of current market position the market should be judged as favoring the buyer.
In terms of movement, results are mixed, however any movement favoring the seller is slight at this time. SPECIAL NOTE: The reader should pay special attention to the History of Median Price graph. The change in closing price is significant and indicates sellers who are motivated (willing to meet market price) are wisely reacting to market conditions.
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These comments and opinions are designed to accompany the Market Condition Report above.
MARKET QUICK LOOK
TIP:
The 60-DAY ABSORB RATE measures market speed. Another way to think about the ABSORB RATE is the rate that listings are converted to closings in a 60-day period. The higher the ABSORB RATE, the quicker this conversion is occurring and the more the market is moving toward the seller. Currently the opposite is true.
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Data Supplied by Chicago Title |  |
Market Condition Report HighDesertRealEstate.org - AppleValleyHomesForSale.com - HesperiaHomesForSale.com - VictorvilleHomesForSale.com
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