Check for Yourself - Are Used Home Sales Declining?
June 21, 2011
The news media this morning were announcing the National Association of Realtors information on used home sales. The data reported suggested that in the month of May 2011 sales were down approximately 3.8% from May of 2010.
I realized that I had not posted the closed transactions for 2011. I had only posted the numbers for the years 2011-2003. I thought it would be interesting to trace the volume of units reported sold in the 5 months of 2011.
Banning/Beaumont.......Jan/93......Feb/84.....Mar/147......Apr/129......May/121
Bloomington..................Jan/25.......Feb/15.....Mar/20.......Apr/32........May/11
Colton.............................Jan/42......Feb/36.....Mar/38.......Apr/44........May/46
Fontana..........................Jan/212....Feb/177....Mar/265.....Apr/246......May/211
Grand Terrace...............Jan/6........Feb/9.......Mar/11........Apr/10.........May/8
Highland........................Jan/47......Feb/37.....Mar/58.......Apr/58.........May/54
Loma Linda...................Jan/22......Feb/12.....Mar/15........Apr/12.........May/22
Mentone........................Jan/5.........Feb/6......Mar/12........Apr/4...........May/11
Moreno Valley..............Jan/191......Feb/159...Mar/273.....Apr/246.......May/232
Redlands.......................Jan/54......Feb/44......Mar/55.......Apr/67.........May/67
Rialto............................Jan/104....Feb/66......Mar/132.....Apr/116........May/108
Riverside......................Jan/309....Feb/257....Mar/368.....Apr/383.......May/418
San Bernardino...........Jan/189.....Feb/141....Mar/213......Apr/220.......May/202
Yucaipa/Calimesa......Jan/50.......Feb/41......Mar/66.......Apr/58..........May/50
This data comes from the CRMLS reporting of closed single family home transactions. Several op ed pieces in the Wall Street Journal and other news media have begun to stress that real estate markets are local. The data for these 14 communities does give a picture of local activity. It is interesting to note that in most of these communities the closing numbers are in a pretty tight range. Riverside is a major area and it has shown increased volume in the past three months. Let's hope that this trend spreads and continues.
The news media this morning were announcing the National Association of Realtors information on used home sales. The data reported suggested that in the month of May 2011 sales were down approximately 3.8% from May of 2010.
I realized that I had not posted the closed transactions for 2011. I had only posted the numbers for the years 2011-2003. I thought it would be interesting to trace the volume of units reported sold in the 5 months of 2011.
Banning/Beaumont.......Jan/93......Feb/84.....Mar/147......Apr/129......May/121
Bloomington..................Jan/25.......Feb/15.....Mar/20.......Apr/32........May/11
Colton.............................Jan/42......Feb/36.....Mar/38.......Apr/44........May/46
Fontana..........................Jan/212....Feb/177....Mar/265.....Apr/246......May/211
Grand Terrace...............Jan/6........Feb/9.......Mar/11........Apr/10.........May/8
Highland........................Jan/47......Feb/37.....Mar/58.......Apr/58.........May/54
Loma Linda...................Jan/22......Feb/12.....Mar/15........Apr/12.........May/22
Mentone........................Jan/5.........Feb/6......Mar/12........Apr/4...........May/11
Moreno Valley..............Jan/191......Feb/159...Mar/273.....Apr/246.......May/232
Redlands.......................Jan/54......Feb/44......Mar/55.......Apr/67.........May/67
Rialto............................Jan/104....Feb/66......Mar/132.....Apr/116........May/108
Riverside......................Jan/309....Feb/257....Mar/368.....Apr/383.......May/418
San Bernardino...........Jan/189.....Feb/141....Mar/213......Apr/220.......May/202
Yucaipa/Calimesa......Jan/50.......Feb/41......Mar/66.......Apr/58..........May/50
This data comes from the CRMLS reporting of closed single family home transactions. Several op ed pieces in the Wall Street Journal and other news media have begun to stress that real estate markets are local. The data for these 14 communities does give a picture of local activity. It is interesting to note that in most of these communities the closing numbers are in a pretty tight range. Riverside is a major area and it has shown increased volume in the past three months. Let's hope that this trend spreads and continues.
posted by shirley harry at 8:14 AM
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