Market Update




Copyright © RealtyMarketPublishing, 2009
Data courtesy of: CMLS
Listing and sales information comes from various sources and may not always be accurate. No representation or warranty is made as to the accuracy of this information. You should verify any information that is important to your buying decision.
Sales
Sales in April were 3. This is down 72.7% from 11 in April of 2008. Sales/list price ratio in April moved up to 96.3% from 87.6% in March.
Prices
Median price in April was $1,145,000. This is down 4.6% from $1,200,000 in April of 2008. Average sale price (most recent 3 months) is $1,083,857, down somewhat from $1,350,448 in 2008.
Inventory
Inventory is 186, down modestly from 198 in 2008. New listings this month are 39, the same as last month.
Market Time
Days on market of 88 in April was down substantially from 237 in March and down moderately from 92 in April of 2008. Months of supply in April moved up to 22.1 from 19.0 in March.




Sales
Sales in April were 24. This is down 27.3% from 33 in April of 2008. Sales/list price ratio in April moved up to 93.0% from 78.9% in March.
Prices
Median price in April was $588,500. This is up 2.3% from $575,000 in April of 2008. Average sale price (most recent 3 months) is $709,816, up marginally from $708,182 in 2008.
Inventory
Inventory is 579, down a little from 588 in 2008. New listings of 135 in April were down marginally from 139 in March and down substantially from 183 in April of 2008.
Market Time
Days on market of 79 in April was down considerably from 103 in March and down moderately from 83 in April of 2008. Months of supply in April moved up to 14.8 from 13.3 in March.








Sales