Fourth Quarter 2010
The fourth quarter of 2010 showed 22% fewer transactions than in 2009, but the average closing time was slightly less than two months.
The average sales price decreased by 20%. On the average, sellers accepted 7% less than their original asking price.
If you are a buyer, now is the time. If you are a seller, be patient.
As of this date (January 31), there are 93 single family residences on the market, ranging in list price from $120,000 to $3.9 million. The average list price is $416,86.
If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.
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