Over 650 properties sold just in May! Given that inventory levels are down over 34%, it’s no surprise that average prices were up nearly 14%!!! Days on the market fell dramatically from 67 to 48, and properties are selling for 97.1% of original list price. Foreclosure levels were also down, only 33 properties were short sales and 18 were foreclosures of a total of 652 properties.
Single Family, Detached
Average Sale Price: $955,850 after 52 days
Range: $65,000 – $6,900,000
Rowhomes/Townhomes
Average Sale Price: $599,074 after 46 days
Range: $63,000 – $3,025,000
1 Bedroom, 1 Bathroom Condos/Coops
Average Sale Price: $321,315 after 41 days
Range: $32,000 – $897,500
2 Bedroom, 2 Bathroom Condos/Coops
Average Sale Price: $596,179 after 55 days
Range: $60,000 – $1,875,000
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