Prices continue to create buying opportunities . . .
2nd blog entry for July, 2009 . . . Current Market Numbers The total number of homes sold for all areas (covered on my statistics page) thus far for 2009 is 819; last year’s total this time was 884; so for last month, we are down volume-wise by about seven percent when comparing this year to last but up by two percent when comparing the last two 12-month periods. The current average price of a home is $485,000 (see stats page for specific area averages). 2008’s average price was $608,000. Additionally, the average number of days that homes are currently spending on the market is 103. 2008’s average was 110. Remember, this “Days on Market” figure is determined by the time a home goes onto the MLS and when it is reported as having been placed into escrow and noted as a “pending sale.” The current average list-to-sales-price ratio is just above 94 percent. 2008’s average-list-to-sale-price ratio was also 94 percent. Lastly, the current inventory of unsold homes is 7.54 months. 2008’s average was 7.37. Stay tuned for next week’s blog entry for more local area statistics!
Posted at 12:06PM Jul 15, 2009 by Paul Pickering in Real Estate | Comments[0]
