March 2012 Market Report is Now Available

The March 2012 Market Report is now available

YTD (January 1 – March 2011 vs January 1 – March 2012) Single Family Highlights:
Increase in the Number of Closed Sales to 6,746 (up 12.0%)
Average Days on Market decreased to 105 days (from 119 days)
Number of Active Listings decreased 39.4% to 8,303
Average Sold Price increased 1.5% (from $272,507 to $276,702)
Units Placed Under Contract increased 25.6% to 10,495
Total Sales Volume increased 13.8% from $1.6 billion to $1.9 billion

YTD (January 1 – March 2011 vs January 1 – March 2012) Condo/Town Home Highlights:
Increase in the Number of Closed Sales to 1,694 (up 7.7%)
Average Days on Market decreased to 101 days (from 126 days)
Number of Active Listings decreased 49.4% to 2,022
Average Sold Price increased (up 0.9% from $155,946 to $157,324)
Units Placed Under Contract increased 20.0% to 2,469
Total Sales Volume increased 8.6% from $245 million to $267 million


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