Our Regional Multiple Listing Service released the market stats for November 2011 this afternoon. In general, it is a bit more good news.
Both our closed and pending sales are up when compared with November 2010. Closed sales increased by 18.9% from November 2010 to November 2011. Pending sales increased 18.1% for the same time period. In addition, the number of newly listed properties decreased by 18.1%.
When comparing October 2011 to November 2011, closed sales rose, pending sales fell and new listings decreased. This is consistent with the usual seasonal slowing we see in November and December.
In looking at average the average sales price, we saw a decrease of 4.6% from November 2010 to November 2011 for an average sales price of $259,400. It should be noted that this is a slight increase (0.3%) from October 2011.
Read the full report here.http://www.rmlsweb.com/v2/public2/loadfile.asp?id=6392
We are seeing more positive than negative market factors, which could mean we are starting to get a bit of "lift off" after bumping along at the bottom. The inconsistenices in how foreclosed properties are processed and put back on the market cloud efforts to classify the current real estate market. The market we have today is what we know...
If you'd like to know more about your specific home or neighborhood, give me a call.
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