Good work over at bubbletracking... 37.3% of the folks trying to get out in Phoenix are working a little harder to get out than they were before...
Percentage of Reduced Listings Per Market
Phoenix Metro:16,916 reduced / 45,358 total inventory = 37.3%
Riverside County:7,814 reduced / 22,081 total inventory = 35.4%
Sacramento Metro:4,911 reduced / 14,029 total inventory = 35.0%
Orange County:4,762 reduced / 14,118 total inventory = 33.7%
San Diego County:6,776 reduced / 20,298 total inventory = 33.4%
Las Vegas Metro:6,190 reduced / 20,298 total inventory = 30.5%
Los Angeles County:9,820 reduced / 35,880 total inventory = 27.4%
Seattle Metro:1,954 reduced / 9,629 total inventory = 20.3%
Santa Clara County:466 reduced / 4,046 total inventory = 16.3%
May 17, 2006
Percentage of Reduced Listings Per Market
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Here is an even better one...
Price reductions at alarming rate in NorCal. Have a look at the graphs. No wonder realtors get concerned.
http://www.realtyworldcal.com/
damn look at that inventory in phoenix!
just supply meeting demand
gettin ugly
High prices, rising rates cool down home sales
Jersey drops 8.1% in 2006 first quarter
Tuesday, May 16, 2006
BY SAM ALI
Star-Ledger Staff
Warm summer days may be just around the corner, but the housing market is sure getting chilly.
In its quarterly survey, the National Association of Realtors said yesterday housing sales in many markets have slipped from the blistering pace sellers have come to enjoy these past few years. The numbers show that, nationally, 6.9 million existing single-family homes were sold in the first quarter of this year -- 2.1 percent less than the same period of 2005.
In New Jersey, existing home sales, which include single-family homes and condos, showed a more dramatic 8.1 percent drop from January through March of this year compared with this same time period in 2005. Home sales in the Northeast declined 2.9 percent.
more...
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