Closed sales for May were up 18.5% over last month. 390 closed sales were reported in May up from the 329 sales last month. Compared to May 2008 closed sales were down 98 sales or down 20%. The average sales price in May was $181,677 and the median sales price was $165,500.
Year to date sales total 1,357 compared to 1,812 sales in '08, down 25.1%. The average sales price through May is $194,308 compared to last year's average sales price of $202,623, down 4.1%. The median price is $170,000 down 5.6% compared to the same period last year when the median price was $180,000.
Inventory continues to be lower than the previous year for the sixth consecutive month. Currently the inventory is approximately 3,159 homes for sale compared to 3,354 at this time last year. New home sales total 193 closed sales this year compared to 310 over the same period last year.
As for me personally, I have been incredibly busy which is great! :)
BethAnn Long, Tomlinson South Inc.
www.bethannhomes.com 509-362-4607
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