Statistics for February 2011

The TAR MLS monthly Statistics are out for February 2011.

Total sales volume increased significantly from $130,258,440 in the month of January to $160,319,228 in the month of February which is an increase of just over 23%!
The average Sales Price also rose 9.22% from January
The average List Price is up 8.43% from January to $191,957
The total number of listings Under Contract increased 12.8% from January
Total Unit Sales rose 12.69% from 780 in the month of January to 879 for the month of February
Total Unit Sales is up 18.62% compared to January of 2010
The Median Sales Price went up from $134,250 in January to $137,000 in February for an increase of just over 2%

The number of homes going under contract for the month of February is the highest it has been since September of 2010.

The price range with the highest amount of inventory is $1,000,000 and over followed by $750,000-$999,999.
The price range with the lowest inventory is $100,000-$124,999 followed by $125,000-$149,999.

It is easy to see from the data above our market has turned around in every area. Although the climb out is never a straight one, there will be small ups and downs along the way, be ready for a wonderful 2011.
And if you are a buyer I would suggest making your move soon while prices are interest rates are still low.

Give me a call I would love to help you.

Renée 465-0301