Shack's Corner

November sales volume was 2.4% lower than the previous month and was 58.5% higher than November 2008 levels, when sales fell drastically as a result of the credit crisis. The number of pending sales at the beginning of December fell 21.8% over the previous month. Inventory levels fell for the fourth straight month, but still remain high. There is 13.2 months of inventory on the market based on the average monthly sales volume of the previous 12 months and 8.3 months of new construction inventory on the market.  For the full December 2009 ENCHSI report including graphs, click here.