Numbers

I saw some numbers this morning that shocked me…and that’s actually kind of an amazing thing all by itself. In 2013 (which was a great year by the way) the slowest month for sales was, not surprisingly, December. In December of 2013 there were 1188 transactions. Compared that to 1878 transactions in September of 2013…the highest month.

In 2014 the biggest sales month was May and it came in at 1718 transactions. Less, but not enormously. The number for December 2014 was what was most surprising. There were only 629 sales. Less by almost half of the already low number of 2013! This number didn’t come as the result of a slower market and low demand…it came because of the incredible lack of inventory. What’s just as scary is the fact there was only 945 sales in November 2014….and 1538 in November of 2013.

Right now today there’s 4 whole properties on the market in Foster City. Two houses and two condos. That’s it! If this doesn’t turn around the January 2015 number is going to resemble Decembers number. It’s really scary out there.

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