Click This Link To View: MLS Data for downtown Single family homes .pdf file
Market update:
Since the middle of 2009 the number of active listings have been holding steady at around 600 single family homes for sale.
Pending home sale had been seeing an improvement but for the past 6 months we have seen peaks and valleys.
Home sales have also been holding steady with a slight increase, until Jan 2010 when we saw a big drop in sales which is normal for our market.
Price per sqft is holding around $100-$110. Price per sqft is not a good rule of thumb as most of the homes in the downtown area are so unique and people buy by the block, interior finish and floor plan.
Average days on the market seem to be holding around 90 days, with a list price to sold price ratio of 93% this number is not based on its original list price, but the asking price when it went under contract.
Average list price is in the high $300k with the average sales price of only $160k.
Months of inventory had been holding steady until Jan 2010 when it spiked to 16.2 month, this was because the low number of sales in Jan 2010. This number will go back down to at least 9 months when the Feb 2010 numbers come out. Six (6) months is an even market not a buyers market and not a sellers market. We should see this number by the end of 2010 if we can get more people back to work.
Considering selling your home? call me I’d be happy to run some comps for you.