For the third consecutive month, listings have been decreasing, falling below the reported totals for the same months in 2007. Sales increased slightly in December over the total in November.

November continued to show less listings than previous months, as well as a significant decrease in the amount of real estate sales.

Listings for October 2008 were only slightly higher than October 2007 but in comparing sales month to month, sales were down approximately 45% from 3028 units last October to 1364 units this past October.

September saw 1811 more listings on the market than August 2008. Sales remained slow with only 17 more units sold in September over August.

Listings in August were down from July and Sales were also down from July.

Similar to last month listing supplies are still up (although there was a small decline in active listings in July over June) and demand is still down. Click on the graph to the right to analyze supply vs. demand for July 2008 in comparison to July 2007.

The market has shifted to more of a Buyer’s market than we have seen in years. One of the major factors contributing to the shift from a Seller’s to Buyer’s market is that Supply is up significantly over last year at the same time.