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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Ramsey Su3/1/2006 5:23:42 PM
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SD Feb MLS data

1639 Feb 06 closings
2463 Feb 05 closings
2847 Feb 04 closings
2801 Feb 06 pendings

$629,533 (94.5% of asking price) Feb 06 closings average price
$631,896 (96% of asking price) Jan 06 closings average price
$633,233 (95.7% of asking price) Dec 05 closings average price

SD sales volume clearly peaked Sept 05.
YOY comparisons:
Oct 05 dn 23.7%
Nov 05 dn 22.9%
Dec 05 dn 36.2%
Jan 06 dn 34.2%
Feb 06 dn 33.5%

Average sales price stable since Sept 05, fluctuating around $630,000.

Based on Feb pendings of only 2,801, there is no chance that March 06 closings will come close to 3,849 sales during March 05 nor 3,791 for March 04.
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