Tuesday, January 4, 2011

Ventura County November 2010 Home Sales

Dataquick reported home sales for Ventura County for November 2010. Home sales came in at 592 down 20.6% YoY and down 3.5% MoM. The median sales price came in at $375,000 up 2.7% YoY and up 5.6% MoM. Slowing sales and rising median is an indication of the low end falling away while the high end volume holds up a bit better. Volume is the better indicator for the health of the market and volume has been horrible. At the same time inventory is restricted and so we just have this stagnant slowly grinding lower market.

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