Market Stats for August 2011

Curious about how the market is doing over last year?   Here are the stats for August 2011 vs. August 2010.

	2010	2011
Active Current Listings	5,997	5,564
Avg List Price	$224,745	$194,661
Days on the Market	64	72
List to Sales Price Ratio	97%	95%
Number of Sales YTD	6,687	6,372

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.

Compared to last month, we have fewer houses on the market and they are going for more money, though they stayed on the market one day longer and still sold for 95% of the asking price.

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