Monday, September 13, 2010
JUNE REAL ESTATE SUMMARY
MLS® sales for May and June are ranked fifth best ever for their respective months, with dollar volume as the best ever. The average sales price has remained firm since April. While sales have not been as busy as a few years ago, they are remaining solid and dollar volume continues to show gains. 2010 marks the first time there have been three consecutive months (April to June) of over $300 million worth of MLS® sales activity. June 2010 is the highest dollar volume month on record at $329 million. You only have to go back to 2005 to see dollar volume for this month was less than $200 million.
June MLS® unit sales were down 4% while dollar volume was up 6% in comparison to the same month last year. Year-to-date MLS® sales are up 6% while dollar volume has risen 17% over the same period in 2009. MLS® listings entered on MLS® for the first six months went over 10,000 and are ahead by 4% over last year. This increase in listings has helped create more balance in the market. For the first six months of 2010, homes selling for above list price and below list price are evenly split at 45% with the remainder selling at list price.
For sales in June, the most active price range was the $200,000 to $249,999 at 24% of total sales. Nearly two out of three sales were over $200,000. The average days on market for sales of residential-detached listings was 23 days, 2 days slower than last month and 2 days quicker than June 2009.
I am available at anytime to discuss the Real Estate market. Get the FACTS. Whether buying, selling or if you just have questions, call me. I would be pleased to assist you, your friends or your family with your Real Estate needs.