Market Trends March 2009-Number of Homes

This data set shows the number of homes for sale, sold, and pended during each of the prior 15 months.  At first glance we can notice the obvious decline in number of available homes.  The 15 month low was in January and even though we have increased slightly from that low, one would expect that due to normal seasonal trends.  The active inventory level at the end of March 2009 was still lower than any month in 2008. 

The number of homes sold or closed in March 09 was down 12% over March 08.  This would normally be very bad news, but I choose to see the overall number as being very positive because Jan and Feb 09 were considerably lower than the same months in 08 and this indicates a current upward trend.

The most positive part of this data set is the number of homes pended, or under contract but not yet closed, which shows the highest number of pending transactions in the last 15 months.  This combined with declining inventory levels is a very positive sign of stabilization and market recovery.

 View Full March 2009 Market Trends Report

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