Sales (red) Vs. Listings (Blue)

18Jan11

ARMLS-reported sales for November rose 0.2% from the October sales figure with an increase of 208. On an annually adjusted basis sales were down 705 or almost 10% from November 2009. This past May’s decrease was the first time in twenty-three months that there was a drop in sales over the same month in the prior year.

November’s sales quantity is typically very close to or slightly lower than October’s, so this month’s change is following the normal calendar cycle. In the normal calendar cycle, sales tend to be highest in the summer and then gradually taper off over the next few months before resuming the climb during the first quarter of each year. The winter months are consistently the lowest in sales.