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MAR: Oct 2010 MA SFH sales down 27.6% YOY, nominal medial up

 
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Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston
PostPosted: Tue Nov 23, 2010 1:46 pm GMT    Post subject: MAR: Oct 2010 MA SFH sales down 27.6% YOY, nominal medial up Reply with quote
Use this forum thread to discuss the following link.

Description: MAR: Oct 2010 MA SFH sales down 27.6% YOY, nominal medial up 3.2%
URL: http://www.marealtor.com/content/NewsTicker.htm?view=38&news_id=1512&news=31
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Renting in Mass



Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011
PostPosted: Wed Dec 01, 2010 7:21 pm GMT    Post subject: Reply with quote
I like to keep an eye on inventory and months supply. Here's the scoop for October:

Quote:

The inventory of single-family homes as of October 31, 2010 increased 13.0 percent from October 2009 (27,204 listings in 2009 to 30,860 listings in 2010) which translates into
11.2 months of supply in October 2010. This is up from 7.1 months of supply last year and up from 9.9 months in September 2010. This was the eighth straight month of inventory gains.

The inventory of condominiums on the market in October was up 3.0 percent compared to the year before (11,107 listings in 2009 to 11,469 listings in 2010), which translates into 11.8 months of supply, which is up from 7.3 months in October 2009 and up from 8.7 months this past September.


That's a high number for month's supply. Historically, anything over 6 has lead to falling prices.
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