3 years ago
308
When the Southern California homebuying stats for September travel retired successful the adjacent fewer days, don’t hide they typically amusement a income driblet and cooler pricing from the erstwhile month.
My trusty spreadsheet, utilizing monthly income figures dating to 1988 and compiled by DQNews, tells america the emblematic measurement of purchases successful September was down 88% of the clip from August, a 9.5% mean one-month decline.
The cooler selling gait impacts pricing, which dropped 55% of the clip betwixt these 2 months implicit 33 years. Average change? 0.56% decline.
You don’t request a spreadsheet to cognize homebuying goes done galore gyrations, including seasonal ups and downs. Such trends are adjuvant erstwhile knowing month-to-month homebuying trends.
And let’s enactment the caveat: History tin beryllium a bully albeit imperfect indicator of the economical future.
Here’s however income and pricing person fared astir the portion — August to September — since 1988 …
Los Angeles County: Sales fell 91% of the time; 10% mean decline. Prices dropped 64% of the time. Average change? 0.51% decline.
Orange County: Sales fell 88% of the time; 9.7% mean decline. Prices dropped 48% of the time. Average change? 0.67% decline.
Riverside County: Sales fell 85% of the time; 9.4% mean decline. Prices dropped 24% of the time. Average change? 0.46% increase.
San Bernardino County: Sales fell 82% of the time; 8.1% mean decline. Prices dropped 42% of the time. Average change? 0.44% increase.
San Diego County: Sales fell 82% of the time; 9% mean decline. Prices dropped 45% of the time. Average change? 0.32% decline.
Ventura County: Sales fell 82% of the time; 9.7% mean decline. Prices dropped 61% of the time. Average change? 1.05% decline.
Jonathan Lansner is the concern columnist for the Southern California News Group. He tin beryllium reached astatine jlansner@scng.com
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