New Listings – 232
Number of Active Listings – 3060
Absorption Rate – 22 weeks
Type of Market –Sellers market
The number of new listings were down this week compared to last. The number of active listings continue to hover around the 3000 mark. Combined with fewer listings coming to market and the number of sales last month(597) the absorption rate dropped again and now sits at 22 weeks.
The weekly sales last week were up compared to the same week last year but down significantly compared to 2009. The number of sales last week totaled 127.
Average price moved upward compared with 2010 but declined over 2009. The average price last week was 277K.
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