Joe is right on the money this month. For the last 60 days, it’s been nothing but multiple offer transactions and bidding wars under $350K. Activity in the higher price ranges is also ahead of last year. I’d love to hear from you on what you have observed…tc
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1st Quarter Summary for the following areas:
March – 2012 Real Estate Market Update
Entire MLS (All Areas)
- 12.0% Increase in closed sales year over year
- 45.0% Decrease in Absorption Rate (4.2 months)
- 39.4% Decrease in active listings year over year (8,303)
- 3.7% Increase in average sold price ($284,035)
- 7.7% Increase in closed sales year over year
- 49.4% Decrease in inventory year over year (2,022)
- 1.2% Increase in average sold price ($161,848)
- 23.0% Decrease in average days on market (97)
Click here for Full report of entire MLS
For individual area reports, please scroll to the bottom