October 2011 Market Report is Now Available

The October 2011 Market Report is now available

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

Decrease in the Number of Closed Sales to 26,438 (down 0.9%)
Average Days on Market increased to 106 days
Number of Active Listings decreased 30.2% to 11,504
Average Sold Price decreased (down 0.8% from $282,819 to $280,629)
Units Placed Under Contract decreased 4.6% to 32,999
Total Sales Volume increased 0.1% from $7.41 billion to $7.42 billion

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

Decrease in the Number of Closed Sales to 6,725 (down 2.7%)
Average Days on Market increased to 118 days
Number of Active Listings decreased 45.7% to 2,652
Average Sold Price decreased (down .8% from $160,186 to $158,965)
Units Placed Under Contract decreased 8.5% to 8,177
Total Sales Volume decreased 3.5% from $1.1 billion to $1.06 billion


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