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September update
October 11th, 2010 5:27 PM
The September 2010 statistics are out.  The number of active listings has remained essentially unchanged from a year ago as has the median listing price.  The absorption rate has climbed from 19 months a year ago to 21 months now which is not good news but is really only a slight increase.  The sold price to list price ratio has actually increased from about 92 % a year ago to about 93% now.  The median sales price, year to date, has declined from about $181,000 in September 2009 to about $177,000 last month.  Not really to bad considering.  The number of listings sold year to date in 2009 was 509 while year to date in September 2010 it was 477 which is about a 6.5% decline in numbers. The number of active listings year over year has remained unchanged at about 2,200 which is fairly good news. Overall our market is not too bad considering the local and national economic climate. Some areas are seeing more problems than others.     

Posted in:General
Posted by Robert Dinning on October 11th, 2010 5:27 PMPost a Comment