Tuesday, February 06, 2007

Some January Stats

February 6, 2007

The first month of 2007 is over and I checked to see what the residential real estate closings were in 2007 compared with 2006. As predicted, the number of sales is down, however, the number of closing reflect a more normalized market.

Area 2006 2007

Redlands 41 39
Yucaipa 47 30
Highland 42 33
San Bernardino 189 106
Banning/Beaumont 59 47
Riverside 238 156
Moreno Valley 198 79
Fontana 154 109


These numbers are the closed sales reported though the IMRMLS. They reflect the transactions in which a Realtor was involved and not all transactions that may have occurred.
I plan to check sales each month to see if any trends are developing. The closings in January typically reflect sales activity in November and December. It will be interesting to watch the statistics as the year 2007 progresses.

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