Kenmore Statistics: Sales Figures from September
It’s October 1st and we are quickly coming to the end of a tumultuous year in real estate. September wasn’t exactly an active month for the sale of single family homes in Kenmore. I ran reports for the sales from this year and September of 2007. Sales were down -55%: 18 homes sales in 2007 and 10 this year.
Here are the sales from last month:
Several key statistics are of note: 1) even though the report showas a 100.14 Sale Price/List Price ratio, the actual number is more like 94% and, 2) days-on-market are 138. Compare this to last year:
You’ll note that the days-on-market were only 49 last September. The Sale Price vs List Price ratio was slightly higher at 97%. One bright spot is the fact that the median prices rose slightly from last year.
The real challenge facing the market today is the inability of buyers to obtain financing due to the severe tightening of credit. We may see this trend continue until Congress passes the current bailout legislation.
