December 2011 Market Report is Now Available

The December 2011 Market Report is now available

YTD (December 2010 vs December 2011) Single Family Highlights:
Increase in the Number of Closed Sales to 31,437 (up 2.1%)
Average Days on Market increased to 105 days
Number of Active Listings decreased 36.5% to 8,854
Average Sold Price decreased (down 0.8% from $282,080 to $279,230)
Units Placed Under Contract decreased 3.1% to 37,988
Total Sales Volume increased 1.3% from $8.68 billion to $8.8 billion

YTD (December 2010 vs December 2011) Condo/Town Home Highlights:
Decrease in the Number of Closed Sales to 7,950 (down 1.1%)
Average Days on Market increased to 116 days
Number of Active Listings decreased 50.4% to 2,139
Average Sold Price decreased (down 1.2% from $161,005 to $159,141)
Units Placed Under Contract decreased 7.2% to 9,385
Total Sales Volume decreased 2.3% from $1.3 billion to $1.27 billion


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