Just released, the numbers for May 2009-inventory is down, closed and pending sales are up-these numbers are moving in a still more positive direction than April’s numbers
New Listings
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Single Family-1,661, 21% lower than 08′
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Condo/Townhome-2,041, 13% lower than 08′
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Total all property types-6,256, 11% lower than 08′
Total Available Inventory
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Single Family-7,821, 38% lower than 08′
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Condo/Townhouse-11,699, 27% lower than 08′
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Total all Property Types-29,384 25% lower than 08′
Single Family Sold
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774 closed sales, up 65% from 08′
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Median sales price, $180,000, down 39% from last year
Condo/Townhome Sold
- 864 closed sales, 47% higher from 08′
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Median sales price, $80,000, 43% down from 08′
Pending Inventory or homes under contract
- Single family homes are up 107% over 2008
- Condos are up 112% over 2008
Given our current inventory and sales levels, if there were to be nothing else listed, we have a 10 month supply of single family homes on the market(down 62% from the previous year) and a 14 month supply of condos on the market(down 50% from the previous year)
Jon
