April Real Estate Update
Posted on:
May
6,
2011
Unit sales of 1,536 was a decrease of 16.5% in April 2011 compared to April 2010 while the average sale price increased by 5% to $351,226. The number of new listings at 2,810 was 6.5% less than last April. As a result listing inventory grew by only 10% over March 2011. Because sellers held off putting their properties on the market in April, the sales to inventory ratio increased to 27% pushing the market just into a Seller's Market. The average selling time was 30 days.
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