DECEMBER 2010 HOUSING MARKET OVERVIEW
The December housing market begins with a continuation of seasonal price and inventory declines, with asking prices down by 0.45% and active inventory down by 3.16%.
The Altos 10-City Price Composite continued its seasonal decline in November with prices down 0.45%. Expect weekly declines in price, inventory and demand through the end of the year. Watch the third week of January before the first inklings of seasonal demand uptick become visible.