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Here are the latest market statistics. Sales are still higher than 2007. Sales prices are much lower, but more properties are moving. Inventory is down around 300 units from where it was in June of 2007 which is a great sign.
Sales and Inventory Report
Category - Detached Single Family Statistics for Entire MLS from 1/1/2007 - 12/31/2008
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Areas:14,15,16,17,18
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MonthYearMonthly SalesAvg List $Avg Sale $Avg DOM% Sold/ListCurrent InventoryMonths Inventory
January
| 2007 |
35 |
$986,548 |
$878,286 |
196.51 |
89.02% |
2244 |
64.11 |
February
| 2007 |
45 |
$872,323 |
$755,832 |
217.13 |
86.64% |
2323 |
51.62 |
March
| 2007 |
61 |
$927,461 |
$849,824 |
208.06 |
91.62% |
2425 |
39.75 |
April
| 2007 |
66 |
$927,835 |
$851,846 |
176.06 |
91.81% |
2541 |
38.50 |
May
| 2007 |
67 |
$962,431 |
$852,637 |
232.10 |
88.59% |
2661 |
39.71 |
June
| 2007 |
74 |
$1,169,505 |
$1,051,423 |
192.72 |
89.90% |
2710 |
36.62 |
July
| 2007 |
72 |
$991,276 |
$885,040 |
210.56 |
89.28% |
2751 |
38.20 |
August
| 2007 |
66 |
$1,021,511 |
$905,199 |
215.36 |
88.61% |
2731 |
41.37 |
September
| 2007 |
48 |
$841,265 |
$776,862 |
154.52 |
92.34% |
2712 |
56.50 |
October
| 2007 |
49 |
$830,587 |
$769,904 |
209.86 |
92.69% |
2612 |
53.30 |
November
| 2007 |
39 |
$1,011,455 |
$891,039 |
162.83 |
88.09% |
2603 |
66.74 |
December
| 2007 |
51 |
$826,026 |
$742,499 |
213.04 |
89.88% |
2542 |
49.84 |
Annual:
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673 |
$957,010 |
$860,095 |
200 |
89.87% |
2571 |
48.02 |
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MonthYearMonthly SalesAvg List $Avg Sale $Avg DOM% Sold/ListCurrent InventoryMonths Inventory
January
| 2008 |
46 |
$717,685 |
$660,467 |
203.53 |
92.02% |
2445 |
53.15 |
February
| 2008 |
49 |
$716,614 |
$606,238 |
246.77 |
84.59% |
2438 |
49.75 |
March
| 2008 |
64 |
$613,950 |
$554,810 |
190.84 |
90.36% |
2438 |
38.09 |
April
| 2008 |
65 |
$863,730 |
$759,203 |
253.62 |
87.89% |
2450 |
37.69 |
May
| 2008 |
81 |
$742,771 |
$659,038 |
185.97 |
88.72% |
2460 |
30.37 |
June
| 2008 |
75 |
$835,626 |
$732,870 |
200.89 |
87.70% |
2444 |
32.58 |
July
| 2008 |
0 |
0 |
0 |
0.00 |
0.00% |
2367 |
0.00 |
August
| 2008 |
0 |
0 |
0 |
0.00 |
0.00% |
2370 |
0.00 |
September
| 2008 |
0 |
0 |
0 |
0.00 |
0.00% |
2370 |
0.00 |
October
| 2008 |
0 |
0 |
0 |
0.00 |
0.00% |
2370 |
0.00 |
November
| 2008 |
0 |
0 |
0 |
0.00 |
0.00% |
2370 |
0.00 |
December
| 2008 |
0 |
0 |
0 |
0.00 |
0.00% |
2370 |
0.00 |
Annual:
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380 |
$758,640 |
$667,393 |
212 |
88.43% |
1222 |
20.13 |
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Annual:
| 2007 - 2008 |
1053 |
$883,634 |
$790,251 |
204 |
89.43% |
1897 |
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