May 2012 Market Report is Now Available

The May 2012 Market Report is now available

YTD (January 1 – May 2011 vs January 1 – May 2012) Single Family Highlights:
Increase in the Number of Closed Sales to 13,647 (up 15.7%)
Average Days on Market decreased to 94 days (from 114 days)
Number of Active Listings decreased 37.6% to 8,705
Average Sold Price increased 5.9% (from $274,168 to $290,368)
Units Placed Under Contract increased 23.9% to 19,935
Total Sales Volume increased 22.6% from $3.2 billion to $4.0 billion

YTD (January 1 – May 2011 vs January 1 – May 2012) Condo/Town Home Highlights:
Increase in the Number of Closed Sales to 3,309 (up 11.7%)
Average Days on Market decreased to 94 days (from 122 days)
Number of Active Listings decreased 52.0% to 1,886
Average Sold Price increased (up 6.5% from $157,494 to $167,793)
Units Placed Under Contract increased 20.0% to 3,847
Total Sales Volume increased 19.0% from $467 million to $555 million


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