Pending Sales & Sales Success
In this market segment, Pending Sales for April are down by 23.36% to 1,165 versus April of last year at 1,520 that went under contract.
With 2,176 newly listed homes this month and 1,165 under contract, the sales success index of 53.54% for April decreased 0.74% versus last year’s index of 53.94% in 2010.
Average Prices
According to the April 2011 statistics, this market area has experienced some downward momentum with the decline of average prices at closing. Prices dipped 4.13% to $221,490 versus the previous year April at $231,022. This is a difference in price of $9,532.
New Listings & Months Supply of Inventory
New Listing in this area for the month of April yielded 2,176 available resale dwellings. This was a decline of 22.78% or 642 units in comparison to April 2010.
The total housing inventory at the end of April dipped by 14.56% to 7,634 existing homes available for sale. At an average of 791 closed sales per month over the last 12 months (May 2010 - April 2011), represented an unsold inventory index of 9.66 MSI for this market segment.
Reports produced and compiled by R E S T A T S I n c
The months supply of inventory is illustrative for planning purposes, but the current demand as ilustrated by new contracts above gives us just over a 6.5 month supply of inventory. this is a further indication that we are returning to a more normalized market.
