Once again it is time to find out how the real estate market endured during the previous month.
Comparing the activity from September, 2008 to October, 2008, sales and prices once again declined. During October, 2008, 413 sales were reported from 445 in September of 2008. That was a drop of 7.2%.
The average price of a home dropped by 4.1%. In September, 2008, the average price of a home was $221,000 as compared to October, 2008, of the average being $212,000.
The average time on the market for properties to be sold was 71 days, up from 67 days in September, 2008.
Here is a chart of the October Sales Distribution:
Sale Price Number of Sales
under $70,000 28
$70,001 - $100,000 31
$100,001 - $150,000 81
$150,001 - $200,000 98
$200,001 - $250,000 67
$250,001 - $300,000 35
$300,001 - $350,000 28
$350,001 - $400,000 14
$400,001 - $450,000 9
$450,001 - $500,000 6
$500,001 and above 16
Right now it looks like it is still a buyer's market with declining sales of homes.
