September 2011 Market Report is Now Available

The September 2011 Market Report is now available

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

Decrease in the Number of Closed Sales to 23,956 (down 0.1%)
Average Days on Market increased to 106 days
Number of Active Listings decreased 28.4% to 12,613
Average Sold Price decreased (down 0.2% from $282,416 to $281,782)
Units Placed Under Contract decreased 5.4% to 29,931
Total Sales Volume decreased 0.1% from $6.8 billion to $6.7 billion

YTD (September 2010 vs September 2011) Condo/Town Home Highlights:

Decrease in the Number of Closed Sales to 6,024 (down 5.2%)
Average Days on Market increased to 120 days
Number of Active Listings decreased 44.4% to 2,920
Average Sold Price decreased (down 0.9% from $160,280 to $158,761)
Units Placed Under Contract decreased 9.6% to 6,024
Total Sales Volume decreased 6.1% from $1 billion to $956 million


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