The Real Estate Report
Posted by Lauren Spencer on
Trends At a Glance |
Aug 2009 | Previous Month | Year-over Year |
Median Price | $500,000 | $540,391 (-7.5%) | $577,150 (-13.4%) |
Average Price | $534,600 | $545,152 (-1.9%) | $659,537 (-18.9%) |
No. of Sales | 162 | 178 (-9.0%) | 157 (+3.2%) |
Pending Properties | 365 | 278 (+31.3%) | 182 (+100.5%) |
Active | 723 | 746 (-3.1%) | 1,271 (-43.1%) |
Sale vs. List Price | 98.5% | 97.3% (+1.3%) | 97.3% (+1.2%) |
Days on Market | 85 | 71 (+20.4%) | 71 (+19.7%) |
Inventory Declines, While Pending Sales Continue to Rise |
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Inventory of single-family, re-sale homes fell for the thirteenth month in a row in August, and it is now down 43.1% year-over-year. Pending sales, meanwhile, climbed 31.3% from July, and were up 100.5% compared to August 2008. The median price for single-family,… |
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