The 14 percent, representing the sale of 741 homes last month vs. 861 homes sold during the same month last year, is for detached, single family homes and is a continuing trend that dates to mid-2006. With fewer buyers in the market, the average days on the market has gone from 72 days in February of 2006 to an average of 82 days this February. Month-to-month, there was a 3 percent decline in the number of new listings for sale, a dip from 1,952 in January 2007 to 1,897 in February.
There are three houses for sale on my street, they have sat there for a few months. Glad I’m not selling, wish I had some money to buy.