The weekly tumble

After a few week of stagnation the downward trek has started again. There wasn't much movement in the median asking price for Riverside/San Berdu through much of August. Only 2 percent down in the core areas but the county saw a monthly drop of 4%. It seememd like less but the data shows we are still dropping at a decent pace.
This week is once again seeing noticeable downward movement in the prices. It might be a fluke, I would have expected the prices to remain more stable for another month, especially since the sales numbers have been a little better lately. I have been seeing the prices dropping again lately in the areas that I am looking at. It was getting a little frustrating watching the prices level off for a couple of months there. Even though I know it's normal for that to happen in the summer, I still found it irritating.


From housingtracker.net

Here are the county wide numbers,

Trend09/08/20081 month3 month6 month12 month
Median Price$239,900-4.0%-14.0%-25.0%-37.7%
Inventory46,403+2.8%-1.9%-5.7%-18.0%


DateInventory
(SFH + Condo)
25th Percentile50th Percentile
(Median)
75th Percentile
09/08/200846,403$170,000$239,900$350,000
09/01/200844,714$174,900$244,900$354,000
08/25/200844,833$175,000$249,000$359,000
08/18/200845,096$179,000$249,900$359,999
08/11/200845,138$179,900$249,999$365,000


Here are the numbers for the core areas,

Trend09/07/20081 month3 month6 month12 month
Median Price$244,900-2.0%-12.5%-26.9%-41.7%
Inventory14,569+3.9%+6.7%+1.9%-11.8%

Historical Data

DateInventory25th Percentile50th Percentile
(Median)
75th Percentile
09/07/200814,569$179,900$244,900$340,000
09/01/200813,852$180,000$248,000$345,000
08/29/200813,590$180,000$249,000$349,000
08/21/200813,661$184,900$249,900$349,900
08/14/200814,047$185,000$250,000$349,900
08/07/200814,017$186,900$250,000$350,000