October Stats

The stats for October are out and things are looking good.
The total number of sales for October are 5,599 which is
only 9 less sales than September.
The average drop in sales from September to October is 6%.
Last year the drop was over 14%.
Yes the number of sales in October are off from the prior
two years, but the prior two years were out of the norm.
The 5 year average for the number of sales in October is
6474.67.

The average sales price for October was $330,200
This is an increase of 1.76% from September 2006 and a
decrease of 1.99% since January 2006.
October 2006 average sales price is 2.74% higher than
October 2005.

I believe it is more meaningful to take a 6 month rolling
average instead of a month by month average
because individual month sales prices can be influenced by a
few very high priced home sales.
It also gives a better feel for the overall trend.

The 6 month rolling sales price average for October is
$335,267.
Year to date the rolling average has increased 3.58% and is
an 8.45% increase from October 2005.

The above stats were taken from the from the Arizona
Regional MLS Statistics website.
Links are provided below:

http://www.armls.com/pdfs/SoldChartOct06.pdf
http://www.armls.com/pdfs/ListChartOct06.pdf