Market Watch

The failure of the federal bailout plan to calm the stock market apparently caused some potential buyers to take a wait-and-see approach last week. The number of single-family homes going to contract in the towns this blog regularly covers dropped to the lowest point in the 7 weeks since I've been tracking it.

Contracts signed on single-family homes
9/1/08 to 9/5/08: 9
9/8/08 to 9/12/08: 15
9/15/08 to 9/19/08: 17
9/22/08 to 9/26/08: 9
9/29/08 to 10/03/08: 13
10/6/08 to 10/10/08: 11
10/13/08 to 10/17/08: 8