Market Stats for July 2011

Everyone is curious about how the home market is doing, even those not currently thinking of buying or selling.  A good way to compare the direction of the market is to look at this year's performance against this time last year.  Here are the stats for July 2011 vs. July 2010.

	2010	2011
Active Current Listings	6,134	5,808
Avg List Price	$215,795	$197,256
Days on the Market	61	71
List to Sales Price Ratio	97%	95%
Number of Sales YTD	5,954	5,410

As you can see, the number of houses on the market has gone down. The asking price is lower, the time on the market is greater, the time to sell a home has increased and the actual price received as a percent of the list price is lower. The market has slowed down some over this time last year.

If you have any questions or would like a market analysis of your home, please feel free to contact us.