| Median List Price of all Current Listings | $299,450 | 2% | 7% | |||||
| Average List Price of all Current Listings | $312,001 | 0% | 2% | |||||
| December Median Sales Price | $214,950 | 2% | 1% | -13% | -14% | $235,000 | -7% | -7% |
| December Average Sales Price | $233,217 | 11% | 9% | 0% | -11% | $244,423 | -7% | -7% |
| Total Properties Currently for Sale (Inventory) | 100 | -8% | -7% | |||||
| December Number of Properties Sold | 6 | -54% | 0% | 107 | -11% | |||
| December Average Days on Market (Solds) | 113 | 8% | 12% | 30% | 33% | 95 | 13% | 12% |
| Asking Price per Square Foot (based on New Listings) | $170 | 13% | 6% | 19% | 6% | $158 | -1% | -1% |
| December Sold Price per Square Foot | $142 | -11% | 1% | -4% | -2% | $144 | -1% | -1% |
| December Month's Supply of Inventory | 16.7 | 99% | 28% | -7% | 14% | 14.7 | 1% | 1% |
| December Sale Price vs List Price Ratio | 95.9% | 1.2% | 0% | 3% | -0.8% | 95.5% | -1.2% | -1.2% |
Property SalesDecember Property sales were 6, equal to 6 in December of 2010 and -53.8% lower than the 13 sales last month. December 2011 sales were at a mid level compared to December of 2010 and 2009. December YTD sales of 107 are running -10.8% behind last year's year-to-date sales of 120. |
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PricesThe Median Sales Price in December was $214,950, down -13.2% from $247,500 in December of 2010 and up 2.4% from $210,000 last month. The Average Sales Price in December was $233,217, down -0.3% from $234,000 in December of 2010 and up 10.7% from $210,650 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009. |
Inventory & MSIThe Total Inventory of Properties available for sale as of December was 100, down -8.3% from 109 last month and down -7.4% from 108 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2011 MSI of 16.7 months was at its lowest level compared with December of 2010 and 2009. |
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Market TimeThe average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 113, up 7.6% from 105 days last month and up 29.9% from 87 days in December of last year. The December 2011 DOM was at its highest level compared with December of 2010 and 2009. |
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Selling Price per Square FootThe Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The December 2011 Selling Price per Square Foot of $142 was down -11.3% from $160 last month and down -4.1% from $148 in December of last year. |
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Selling Price vs Original Listing PriceThe Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The December 2011 Selling Price vs Original List Price of 95.9% was up from 94.8% last month and up from 93.2% in December of last year. |
Inventory / New Listings / Sales'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2011 was 9, down -47.1% from 17 last month and down -10.0% from 10 in December of last year. |
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