New Home Sales up 2.7% in September

Nationally sales of newly constructed homes is up 2.7% in September. Reported by the U.S. Census Bureau, sales of 464,000 homes (annualized) surpassed the estimates of 450,000 and up from the 17 year low reached in August.

Regions with greater price drops have seen even bigger gains in recent home sales. The west coast, for example, has found some areas with new home sales reaching 22%.

These increased sales are a result of builder incentives and slowed construction during a turbulent market. Buyers in the market for a new home have dramatically benefited from these programs, and sellers will start to see the benefit as inventory is decreased and time on market decreases. Traditionally resale home trends have followed those of new home sales.

Remember - The primary factor influencing home sales is jobs! Look to regional and national jobless rates to see and predict where home sales will increase or decrease in coming months.



posted by Keith R. Thompson
Keith Thompson is a REALTOR/E-pro with Century 21 Distinctive. You can contact Keith directly via his website at www.DKthompson.com or via email at keith@dkthompson.com.

Dixon Market Analysis

Statistical Market Analysis for Dixon - September 2008

ACTIVE listings: 100
Avg ACTIVE price: $473,906
Median ACTIVE price: $340,000
Avg ACTIVE days on market: 94

PENDING sales: 45
Avg PENDING price: $340,176
Median PENDING price: $275,900
Avg PENDING days on market: 81

Properties SOLD: 22
Avg SOLD price: $298,227
Median SOLD price: $262,500
Avg SOLD days on market: 96

Check back here each month to see updated market statistics and trends in the Dixon real estate market. We provide this information to help consumers make informed decisions regarding real estate and financial goals. To discuss this information in detail, contact any one of our trained REALTORs with Century 21 Distinctive at 707-678-9211.



Posted by Keith Thompson
Keith Thompson is a REALTOR/E-pro with Century 21 Distinctive in Vacaville. For more information about Keith go to his personal website at http://www.dkthompson.com/ or contact him via email at keith@dkthompson.com.