Hi Tom,
February – 2012 Real Estate Market Update
Entire MLS (All Areas)
Residential Highlights
- 13.7% Increase in closed sales year over year
- 45.5% Decrease in Absorption Rate (4.2 months)
- 39.7% Decrease in active listings year over year (8,202)
- 2.1% Increase in average sold price ($270,821)
Condo/Townhome Highlights
- 11.6% Increase in closed sales year over year
- 49.5% Decrease in inventory year over year (2,004)
- 3.5% Increase in average sold price ($161,143)
- 21.7% Decrease in average days on market (101)
Click here for Full report of entire MLS
“Thanks again Joe, and a big thank you to Land Title too! I am able to confirm this rapid change in our market. Multiple offers, showing traffic increases and page views on my web site are all substantially up over 2011. If you have been holding off on a buy or sell decision, now is the time to pick up the phone and call me…tc”
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