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percent compared to 2,094 in April 2008. Homes sold for an average of $112,366 for the down 8.4 percent compared to $122,684 in Aprip last year. Foreclosure sales dropped 43.2 percent to 329 in Apriol compared to theprevious April. Year-to-date, there have been 6,235 total homes sales in the three-countyt area, down 23.5 percent comparex to 8,154 in the same year-ago period. The totalk year-to-date sales volume is $676.2 million, down 31.3 percent comparedx to $984.8 million in the same periocd last year. The average sales price year-to-date is down 10.
2 percent compared to $120,770 last However, the average sales price for all sales increased slightly from March to April and pendin sales were flat in that sametime “We continue to see slight increases in overalp pricing, which could be an indication that our loca market is stabilizing in terms of price,” MAAR president Jon Albright said in a statement. “Witnh pending sales holding steady, inventoru levels continue to decline, falling beloww 10,000 units for the first time since MAAR revised its sales reports after switching data sourcessin January, going from its Multiple Listinh Service to MAARdata, a proprietaru property records database that captures every sale publiclyt recorded in Shelby, Fayette and Tipton counties.
Becausr MAARdata includes all sales, not just those conductefd by MAAR members throughthe organization’s MLS, it providezs a more comprehensive look at the locak real estate market, according to MAAR. In the past, MAAR pulle sales data for a given month on the 15th of the following month to allow for the inherent lag indata recording. Becaus e MAARdata relies on information frompublifc sources, the organization discovered the lag time between when a sale closes and when it is recordex can be as lengthyu as 30 days, leading to the revisecd sales information for January, February, March and April.
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