New Listings – 263
Number of Active Listings – 3026
Absorption Rate – 21 weeks
Type of Market –Sellers market
The number of new listings were up this week compared to last. The number of active listings continue to hover around the 3000 mark. Based on the number of sales last month(612) the absorption dropped by one week to 21 weeks.
The weekly sales were up compared to the same week last year and again down significantly compared to 2009. The number of sales last week totaled 87
Average price decreased compared with 2010 but was up compared with 2009. The average price last week was 272K.
Related Blog Posts