Dec 07 sales price report: “# C.A.R.’s Unsold Inventory Index for existing, single-family detached homes in December 2007 was 14.5 months, compared with 5.9 months (revised) for the same period a year ago. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.
# Thirty-year fixed-mortgage interest rates averaged 6.10 percent during December 2007, compared with 6.14 percent in December 2006, according to Freddie Mac. Adjustable-mortgage interest rates averaged 5.50 percent in December 2007 compared with 5.45 percent in December 2006.
# The median number of days it took to sell a single-family home was 67.2 days in December 2007, compared with 72.1 (revised) for the same period a year ago.”