Friday, December 2, 2011

NOVEMBER NORTH COUNTY REAL ESTATE STATISTICS- Sales of all North County real estate types increased 3 % in November over October and are up 22% over November of last year. Sales for the first 11 months of this year are also now up 19% versus the 1st 11 months of 2010. Properties in escrow are up 5 % from last month and up 19% over November of last year. Active listings on the market are down 16% when compared to the same time last year. With only one more month to go, it is now clear that we will see a dramatic improvement in sales this year over last. That will make it the 1st time in 6 years that sales have increased over the previous year. With inventories of properties for sale also now down 16% and interest rates at all time lows, what should that tell a prudent buyer?

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