New Listings – 251
Number of Active Listings – 3033
Absorption Rate – 27 weeks
Type of Market –Buyers market
The number of new listings continue to hover around the 3000 mark. After seeing a balanced market for the past several months we are now experiencing a buyers market.
The weekly sales were down significantly compared to the same week in 2009 and 2010. The number of sales last week totaled 76
Average price increased compared with both 2009 and 2010. We are seeing a steady increase of 4 to 5% in average price year over year. The average price last week was 276K.
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