There has suddenly been a lot of talk in the media about how, based upon December numbers, the housing market is faltering – and there’s talk of a “double-dip” and so on. Honestly, I have no idea what the future holds, but drawing big conclusions from 1 month’s data is nonsensical. In any case, here is a chart of SF listings going under contract. December’s ratifications did fall from the autumn, as they always do, but comparing the numbers to not only last year (crash) but to 2007, we see that December 2009 was not particularly weak, at least not here in SF.
The Market Crash – Graphically Put