May 2011 Market Report is Now Available

The May 2011 Market Report is now available

YTD (May 2010 vs May 2011) Single Family Highlights:

  • Decrease in the Number of Closed Sales to 11,792 (down 11.2%)
  • Average Days on Market increased to 114 days
  • Number of Active Listings decreased 14.5% to 13,958
  • Average Sold Price increased (up 0.9% from $271,591 to $274,168)
  • Units Placed Under Contract decreased 16.6% to 16,090

YTD (May 2010 vs May 2011)  Condo/Townhome Highlights:

  • Decrease in the Number of Closed Sales to 2,963 (down 19.2%)
  • Average Days on Market increased to 122 days
  • Number of Active Listings decreased 22.9% to 3,930
  • Average Sold Price decreased (down 1.5% from $159,870 to $157,494)
  • Units Placed Under Contract decreased 26.3% to 3,847

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