(Translations?)
Once again, an opportunity to see what the statistics are.  For the full report go to http://www.nsdcar.com/homedex/current_homedex/current_homedex.pdf  Easy to read charts and graphs.  Keep in mind when reading about median price decreases the market is very bottom heavy.  Information courtesy of HomeDex provided to NSDCAR members.

HomeDex™ Key Points
October 2009 Data
1. The median price for all North County home sales – attached and detached – decreased 1.33% in
October 2009 from September 2009, to $375,000.
a. Detached homes in North County decreased 5.91 percent, from September 2009 to
October 2009, from $457,000 to $430,000.
i. Detached home prices OUTSIDE North County increased 1.44% from September 2009
to October 2009, from $349,950 to $355,000.
ii. October 2009 median single-family detached homes in North San Diego County
increased 5.39%, from $408,000 in October 2008. The median price OUTSIDE North County for singlefamily
homes rose 2.9 percent from the $345,000 a year ago.
iii. The countywide median price of homes sold decreased from $385,000 in September
2009 to $380,000 in October 2009 and was up 4.11% from the October 2008 number.
b. Attached home prices in North County increased during October 2009 by 1.81%, from
$235,000 a month earlier to $239,250.
i. Non-North County attached home prices increased 7.89% in October 2009; from
$190,000 to $205,000.
ii. North County attached homes increased 15.02% from $208,000 a year ago.
c. Median days-on-market for single-family detached homes in North County increased
from 30 days in September 2009 to 35 days in October 2009. The number of North County single-family
homes sold increased 0.26% last month, from 770 to 772. There was a year-to-year decrease of 4.93%
for home sales in October 2009 compared to October 2008.
2. The residential real estate market has swung from the seller’s market of three years ago when home
prices were increasing as much as 20 to 30 percent per year to the buyer’s market today where prices
have decreased and there’s an abundant inventory of homes from which to choose. That’s good news
for those looking to buy a home.
a. Interest rates continue at record lows, at least for the short-term future.
1 The current condition of the housing market needs to be kept in historical perspective. Home
values rose 88 percent on a national average – higher in California – over the past decade.
4. Sales continue to be hampered by problems in real estate finance. Both tighter
underwriting standards and the ongoing effects of the credit/liquidity crunch continue to limit sales.
a. Buyers with secured financing, or all cash are not hampered by the constraints of the
real estate financing market.
2 In fact, several North County brokers and agents have experienced significant increases in
activity, working with well-qualified buyers who recognize optimum buying conditions.