November Preliminary Stats Update

Over a third of November has passed, so far:
7 of 20 business days:

Sales: ~ flat vs 10Y Avg (Oct was -1.4% vs 10Y Avg)
New Lists: +11% vs 10Y Avg (Oct was -1.6% vs 10Y Avg)

Let’s look at the new listings closer:
New Lists:
Aug: +3.5% YoY, -1.0% vs 10Y Avg
Sep: -5.5% YoY, -1.6% vs 10Y Avg
Oct: -0.2% YoY, -1.6% vs 10Y Avg
Nov: +27% YoY, +11.0% vs 10Y Avg (!)

Total Inventory % Change: Nov 12 (1 day after Remembrance Day long weekend) vs Nov 1st:
2013: 0%
2012: -1.2%
2011: -1.2%

Total Inventory % Change: Nov 12 vs Oct 30th (to include effect of month-end expiry)
2013: -4.4%
2012: -6.4%
2011: -5.4%

- Both New Lists & Total Inventory holding up unseasonably…
- The next leg to drop is sales