May 2009 Market Statistics
| | 2009 | 2008 |
|---|
| Total Sold Dollar Volume: | $ 14,462,960 | $ 24,618,270 | - 41.25 % |
| Average Sold Price: | $ 170,152 | $ 195,383 | - 12.91 % |
| Median Sold Price: | $ 162,500 | $ 178,950 | - 9.19 % |
| Total Units Sold: | 85 | 126 | - 32.54 % |
| Average Days on Market: | 140 | 110 | 27.27 % |
| Average List Price for Solds: | $ 186,312 | $ 209,521 | - 11.08 % |
| Avg Sale Price as a percentage of Avg List Price: | 91.33 % | 93.25 % |
We continue to see a decline in prices in our local market, but the activity level has picked up. Interest rates have increased from the lows we saw last month but the 30 year rate is still around 5.5%. For first time buyers, don't forget that you have until November 30, 2009 to close on your new home to take advantage of the $8,000 tax credit. AND, you do not have to wait until next year to collect your money. You can file an amended return for this year to receive your money sooner. Call us for the info.