Tuesday, August 29, 2006

Days on the market: Contra Costa - Alameda








Seasonal factor plays an important role in the housing market. When the market peaks in May, the number of days listings stay on the market declines to the bottom. And when the market slows down in January, active listings spend more days on the market than any other time of the year. The number of days on the market hit the high of 42.90 days in January 2005. It then climbed to a higher high of 46.21 days once again in January this year. Another higher high in January 2007 would confirm the long-term deteriorating trend of the housing market. So, we shall see...

1 Comments:

Blogger Rob said...

I find it interesting how the Bay Area looks like one of the last bastions of bubbledom. I've been priced out of the area since I moved the family here from Japan after leaving the Navy in 99.

I read as much as I can on the housing situation nation-wide and fully expect the BA to collapse, just as Florida, San Diego, LA, Boston, and others are. It's like watching a slow moving train wreck. I don't want to watch, but can't take my eyes off it either.

Doug, this is a great local blog with excellent information - please keep it up and spread the word so our remaining uninformed masses don't buy at the top. Nice Power Wagon there too!

Rob

11:39 PM  

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