Still some good news about the local market to share: Home sales were up 4% in June 2010 over the previous June. Mid-Year home sales are 8% ahead of last year. This marks the fourth month in a row where monthly sales have increased over the previous month and the previous year. Closings in which consumers took advantage of the home buyer tax credit program were a factor.
► Total residential sales in June 2010 were 1,135 compared to 1,090 a year ago (4% increase)
► Average price in June 2010 was $184,427 compared to $189,332 in June 2009 (3% decrease)
► Median price in June 2010 was $155,000 compared to $160,000 in June 2009 (3% decrease)
► Average days on market were 107 days in June 2010 compared to 110 days in June 2009*
► Inventory totaled 10,953 for June 2010 compared to 10,871 in June 2009 (no statistical change)
► 2010 Mid-Year total residential sales are 5,503 compared to 5,079 a year ago (8% increase)
► Mid-Year average price is $165,185 compared to $170,693 a year ago (3% decrease)
► Mid-Year median price is $141,800 compared to $142,500 a year ago (no statistical change)
► Mid-Year average days on market is 108 days compared to 112 days in 2009*