Home sales statistics for the week of 9-24-07:
Universal Pending Sales: 3656 (-599 from last week)
Pending Sales + Active W/Contingencies: 4108 (-643 from last week)
Sales Closed 9-24-07 to 9-30-07 1295 (+558 from last week)
Active Listings as of 10/01/07 56543 ( -685 from last week)
Obviously, this week benefitted from the end of month closings. More troubling is that the pending sales have fallen steeply, and active w/contingency contracts have not been replaced by an equal or greater amount of new sales. Still, the methodology I am using is less than a month old, so it is difficult to say definitively that sales are falling off for this week. It is nice to see total listings going down at least a little. Hopefully, this reduction in actives becomes a trend. New sales figures should be available on Thursday.
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