Here's what happened to Dane County single family home sales in November. After two straight months of year-over-year sales increases, November sales dropped by 36%.

When you compare November of 2008 to the 4 previous Novembers, it becomes much more clear how much single family sales have dropped since the market peak. Sales in November were 54% off the peak November from 2004.

Given what we're experiencing right now, I expect the December sales numbers to be lower on a year-over-year basis - as well as January - but I would not be surprised at all to see the February numbers rise to the upside.
No comments:
Post a Comment