If you follow the real estate market, you’ve probably heard that things have been picking up these last few months. Q1 2009 was ice cold. The market began to thaw in Q2, and here in Q3 we’re continuing to see a lot of action. Most of the churning is taking place below $1M, but there has been a higher incidence of luxury homes selling these past couple of months.
How much has the market picked up? We set out to find the answer using a very simple approach. We tallied up all the Single Family Home and Condo sales taking place per month dating back to June 2006. Here’s a look at the trend: