October Residential Highlights
When comparing October 2007 with October 2006, statistics show
that new listings have decreased 7.6%. Closed and pending sales have
declined 21.5% and 26.2%, respectively. At the month's rate of sales, the
2,178 active residential listings would last 7.2 months.
Year-to-Date Trends
The period of January-October 2007 compared to the same time in 2006
reveals that new listings increased 1.8%. Pending sales decreased 14%,
while closed sales also fell 10.9%.
Appreciation
Comparing the 12 months ending with October 2007 to the 12
immediately prior, the average sale price increased 5.8% ($265,500 v.
$250,900). Using the same formula, the median sale price increased 6.6%
($234,600 v. $220,000).
© Copyright RMLSTM 2007.
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