We closed 70 homes regionally yesterday bringing the year end tally to 52.8% of last year’s sales numbers, or down 47.2%.
What’s next? I expect based on the historical trend January to be significantly slower than December. February has typically picked up for sales numbers (see below). I suspect the trend will hold their, too, but still be depressed as a function of interest rates and prices, which still have some ground to fall before demand will pick back up.