Sunday, August 26, 2007

April 2007 Market Review

tApril's statistics show some stabilization in our market, as we have not observed a great deal of change from March 2007. Average sales price has stabilized, with only a $60 decrease from march to April 2007. Median sales price is also following that trend-decreasing by $1,228 compared to last month.

We are seeing some movement in total unit sales and sales volume, but like our other indicators, it is slight. Both decreased slightly in April, reversing a rising trend we've seen since the beginning of the year. Unit sales totaled 1,280 in April, down only 73 units since March 2007, so not a significant decrease. Sales volume for April reached $353,825,236.

Time on market dropped two days to average 65 in April. We continue to see time on market hovering around the mid to high 60s since the beginning of the year.

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