A drop in home sales between the months of December and January is usually expected. However the decline in sales between December of 2010 and January 2011 was much more extreme than usually witnessed, says DQ News an online real estate database. At 27,706 homes, the number of sales this past January dropped 23.5% when compared to 36,215 sales in December. Also, the price paid for a home last month was $239,000, down 5.9 percent from $254,000 in December. I’m honestly curious why there is so much variation here. These figures clearly illustrate the volatility of the current market for real estate.
Just like most people, I believe the number of home sales per month in southern California will continue to drop throughout 2011. However, I don’t think I can accurately predict how severe this decrease in home sales will be in the future. Keeping this in mind, I plan on referring back to this same database next month to see how these figures have changed.
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