This is a summary of May's Real Estate Market Statistics, for more detailed statistics check out the graphs at http://grandjunctionrealestate.blogspot.com. Please note, there is a substantial difference in inventory and days on the market for homes priced over $500,000.
- The Summary for May 2008 looks like this - 1345 active listings(homes for sale), 337 homes sold, and the average days on the market(DOM) is 113.
- There was a slight increase in sales last month. Most noticeably, in the $200,000-$300,000 price range.
- There has been a steady increase in the number of transactions(homes sold) each month, since January.
- The median price of homes sold this month went down by $17,156.
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