The Numbers Are In!…….
Check out the Stats for Single family homes in Broward county between Dec 2009 and Dec 2010. I have several Charts below you can see if you’re interested. Pretty interesting stuff (if you’re into this kind of information). A few of the key points I noticed were:
1) The number of properties that were “under contract” increased.
2) New inventory seemed to dwindle toward the end of 2010
3) The total number of homes for sale remained pretty much the same through the entire year (even in light of #2 above)
4) Home sales also slowed down toward the end of 2010 (December is typically slow).
5)The Average Days on Market for homes that sold/under contract was pretty stable throughout the year at approx 101 days on market. They did rise slightly at the end of the year.
(Click to enlarge)