The first quarter of 2010 is now history and some of our real estate market results may be surprising, especially to those who follow the media. In Delaware Co, IN our units sold were up 10.33 % from 2009 and were the highest in the past 3 yrs. Median sale price was up over 9%, and average days on the market were down by a whopping 41.7% to their lowest level in 7 yrs. Taxes as a ratio of selling price decreased almost 17%, foreclosures as a ratio to units sold decreased by 3.3.% and new listings were up by 3.4%. Inventories have decreased steadily in the past yr, especially in the higher price ranges. We actually have shortages in some areas and price ranges.
We're now halfway through the month of April and activity is increasing. Pendings are up 11% from the end of March and up 60% from the average of the 4th qtr. of 2009. I think we'll see more pendings as people try to take advantage of the Homebuyer Stimulus and it will be interesting to see if that's incremental business or if it's being borrowed from future months.
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