Housing: More of the Same

Again, ignore the headlines. 

The numbers that really matters are ytd sales (without a seasonal adjustment) and median sales price.  Here, without the glitzy graphics or Census Dept spin, is the unvarnished truth.

                                     US      Northeast   Midwest    South     West

2011 v 2010 ytd         -7.9%      -29.7%       -9.7%      -4.1%     -6.1%
percent change in
units sold

Median price:

             June                         $ 240,200
             July                             230,900
             August                        210,900
             September                  204,400

             Sep ’11 v Sep ’10         -10.3%

The high-end market remains in a coma.  Sales of homes $750,000 and over have topped 1,000 units per month only twice this year, with homes $400,000 – 750,000 only marginally better.

Briefing.com maintains some great graphs that show what’s really happening.


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