Believe it or not, they are. Removing condos from the equation –
141 properties sold in October 2006.
185 sold in October 2005.
196 in October 2004 and
194 in October 2003.
Putting condos back in the mix, as they have become the de facto choice for many seeking affordable housing, the numbers change a bit:
161 properties sold in October 2006.
203 sold in October 2005.
197 in October 2004 and
196 in October 2003.
Why only October? October is the most recent full month with closed transactions. Looking at the data through such a narrow window is bound to raise as many questions as it answers, but hopefully this helps provide a little bit of perspective for where we are. If you’re a first-time homebuyer, now would be a good time to start looking.