Market Condition Report for The High Desert Region 09/07/2007
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
		Relative to the same period last year, the market in terms of resale transactions is off about 52%. The last report was –51%. Current gap slipping slightly.
		Percent Selling Market Efficiencies by Month

Supply and Demand By Price Comments
		In terms of current market position, the market should be judged as favoring the buyer. In terms of movement, the market has resumed clear movement favoring the buyer. Weakest Sub-Market: Adelanto at 11% selling, 5% ABSORB RATE, 39 MONTHS SUPPLY, closing in 67 days at $235K. This sub-market is exceptionally slow and lethargic. The level of demand at the current price offered by sellers is near non-existent.

These comments and opinions are designed to accompany the Market Condition Report above.

MARKET QUICK LOOK

DEMAND Declining slowly from low level-move to buyers

SUPPLY Rather steady at high level-slight move to buyers

PERCENT SELLING Declined 2 points since last report

MONTHS SUPPLY Rising slowly-from 22 to 25 months

60 DAY ABSORB Declined 2 points since last report

PRICES List, ask, close price-off sharply

TIP:

If area x has an ABSORB RATE of 20% and area Y has an ABSORB RATE of 10%, then area X is closing property at twice the rate of area Y (20% / 10%) = 2.

Data Supplied by Chicago Title

Market Condition Report

HighDesertRealEstate.org - AppleValleyHomesForSale.com - HesperiaHomesForSale.com - VictorvilleHomesForSale.com