| Trends at a Glance | |||
| (Single-family Homes) | |||
| Sep 09 | Aug 09 | Sep 08 | |
| Median Price: | $565,000 | $557,000 | $592,000 |
| Average Price: | $686,924 | $693,956 | $738,650 |
| Home Sales: | 1,066 | 999 | 963 |
| Inventory: | 2,213 | 2,449 | 5,915 |
| Sale/List Price Ratio: | 101.2% | 100.7% | 98.6% |
| Days on Market: | 52 | 55 | 54 |
| Days of Inventory: | 62 | 74 | 184 |
Sales of single-family, re-sale homes rose 6.7% last month compared to August. Year-over-year, sales
were up 10.7%. Year-to-date, home sales are up 20.6%.
The median price for homes rose 1.4% month-over-month, but was off 4.6% compared to last September.
Condo sales were also up last month, rising 9.4% from August, and up 25% year-over-year.
Year-to-date, condo sales are up 18%.
The median price for condos rose 2.0% from the month before, but was down 6.1% year-over-year.
Inventory continues to decline with the supply of homes down 9.6% from August, and off 62.6% year-over-year. Condo inventory dropped 7.4%, off 63% compared to last September.
The sales price to list price ratio rose 0.5 of a point to 101.2% for homes. The ratio for condos also gained 0.5 of a point to 101.2%.
Days on market fell three days to 52 for homes. Days on market for condos dropped three days to 55 days.
Our days of inventory indicator for single-family homes continued downward on the increase in sales, shedding twelve days, sending the indicator to 62 days. The indicator for condos fell eleven days to 61.
The sales chart below shows the historic inventory and sales since January 1999. Click on the chart to expand it, then click your browser's back button to return.
The chart below tracks the change in median and average prices since January 1999. Click on the chart to expand it, then use your back button to return.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, call me.
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These statistics are generated using information from the MLSListings, Inc., but have not been verified and are not guaranteed. MLSListings, Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
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