January 2010 - Market Update
Compared to January 2009 - we have some good news.
The number of Sales and Pending Sales are down from the same time last year, but two Averages are up noticeably.
The Average Home Sales Price is up from $120,850 to $135,519, which is a 12.14% increase.
The Medium Home Sales Price is up from $86,900 to $100,000, which is a 15.07% increase.
In January 2010 there were 3,980 homes listed, an 11 percent increase compared to the same month last year. The first positive increase since February of 2008.
Foreclosure property sales reported in the Broker Listing Cooperative (BLC) fell by 38 percent in January compared to one year earlier.
TIME IS RUNNING OUT: Anyone that hasn't owned a home in the past 3 years could be eligable for the Federal Tax Credit up to $8000. All qualified buyers must have an accepted offer by the end of April and must close by the end of June 2010.


