Average Days on the market 2007: 89.5
Average Days on the market 2008: 90.3
Hmmm...doesn't look that bleak.
Existing home sales September 07: 149
Existing home sales September 08: 153
Hmmm...this is not a negative thing at all.
Average single family home price 2007: 338,598
Average single family home price 2008: 286,065
Hmmm...seems like the world is coming to an end? Hardly. This number is meaningless. It does not mean that your home has fallen in value by 54,000! It probably only means that the homes selling for 250,000 or less have increased, while the # of luxury homes sold has decreased. Everone that sees these kind of numbers always thinks the sky is falling. This number changes monthly and the only driver of this is the mix of homes that sold in that particular period. If Parker's 22 million dollar home sold, what do you think that would do to the average? It would probably single-handidly raise the average!
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