August 2012: More signs of recovering housing market: new construction is picking up and condo sales are coming to life!
Available inventory of existing homes could become a problem. Here is a overview of the stats for our market.
Active Listings -
- Available Inventory - Existing Homes - 37%
- YTD New Listings - Existing Homes - 4.5%
- Available Inventory - New Construction - 14%
- YTD New Listings - New Construction + 42%
- Available Inventory – Condos - 32%
Pending
- YTD Pending - Existing Homes + 71%
- August Pending - Existing Homes + 7.5%
- YTD Pending - New Construction + 70%
- August Pending - New Construction + 50%
- YTD Pending - Condos + 19%
- August Pending – Condos + 83%
Closed Sales
- YTD Closed Sales - Existing Homes + 53%
- YTD Median Price - Existing Homes + 5.7%
- August Closed Sales - Existing Homes + 204%
- YTD Median Price - Existing Homes + 14.7%
- YTD Closed Sales - New Construction + 29%
- YTD Median Price - New Construction - 12.7%
- YTD Closed Sales - Condos + 9%
- August Closed Sales – Condos + 17%
If you want more info on specific price categories or to find out if you home has increased in value, please call me today!