In this report, we’ve included the comparison of the 2008 market statistics to the 2009 market statistics. Analysis coming soon, but here are the raw numbers:
2008
Closed Sales: 193
Average Sales Price: $441,793
Average Days on Market: 69
Sale Price to List Price Ratio: 96 percent
2009
Closed Sales: 199
Average Sales Price: $426,905
Average Days on Market: 67
Sale Price to List Price Ratio: 96 percent
Quick Summary: activity ended up nearly the same, despite a VERY slow start to the year. Prices averaged down about 5% for the year, because there were 500 MORE listings in 2009 than 2008, which created more supply than demand.
There will be a follow up post this week with full analysis for you!
Thanks for reading.