Here is a comparison of activity comparing December 2008 to December 2009:
The number of sales reported during December 2009 were 366, up approximately 7% from December 2008 at 342.
The average sales price for December 2009 was recorded at $206,000, down approximately 1.4% from December 2008, when the average sales price of the month was recorded at $209,000. The average sales price is obtained by dividing the number of sales into the total sales dollars.
The median sales price for December 2009 was recorded at $184,000, which is an increase compared to December 2008 with a median price of $180,000. The median indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.
The average time on the market for properties sold during December 2009 was 84 days, an increase from 78 days in December 2008.
The average sale price compared to list price for residential properties sold during the month of December 2009 is 96%, which is an increase compared to December 2008 at 95%.
Brigita McKelvie, REALTOR, e-PRO, GRI
Pennsylvania License #RS 297130
Keller Williams Real Estate, Bethlehem, PA