Latest Data for the Conejo Valley - Tim Freund

Latest Data for the Conejo Valley

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The number of closings this week are down from earlier months by as much as 25%.  However, that number is not entirely inconsistent with seasonal averages.  In the first week of October 2005 we closed 47 total units, while last week we closed 33 (a 30% decline).  In terms of annual numbers, we closed just over 2500 total units, while today we are on a pace for just over 2200.  That’s only a 10% decline from the peak of market in terms of sales activity.  Every market remains its own universe, but I can say that within our universe, the sun is still rising in the east and setting in the west; homes are still selling and everyday someone is moving into their new home. 

Next post: What are the three most important words in real estate (a hint: they are not price per foot).

Published on 2010-10-19 12:07:50

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