November Key to '07 Forecast

The number of listings in November was down by nearly 3,000 compared to October and that drop could be a sign that things will improve soon for sellers. In this article from The Washington Times, the author states that November's drop in home listings can be a good sign for 2007. One statistic in particular is going to have a lot of impact on them: home listings. According to the author two things are going to make a difference for sellers in 2007: healthy interest from buyers and a drop in the number of listings. However, as listings data become available for December and January, one may gain some insight into the fate of area home sellers this year. [Chris Sicks, The Washington Times, January 05, 2007]