As of June 6, 2007 28% of available listings are in escrow, which some sources would say indicates a Buyer's Market. Read on:
For the month of May 2007, 9 homes sold for an average final selling price of $865,333.
The average original asking price of these homes was $866,552.
These homes took an average of only 46 days to sell.
Of the 9 homes that sold, 1 sold AT the original asking price and 3 sold OVER. One home started with an original asking price of $774,969 and sold in only 19 days for $879,000.
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