The good news continues: Home sales are up 17% in May 2010 over the previous May. Year-to-date home sales are now 9% ahead of last year. This marks the third month in a row where monthly sales have increased over the previous month and the previous year. Consumers who took advantage of the home buyer tax credit program had a lot to do with these increases.
► Total residential sales in May 2010 were 1,120 compared to 959 a year ago (17% increase)
► Average price in May 2010 was $166,910 compared to $185,713 in May 2009 (10% decrease)
► Median price in May 2010 was $144,000 compared to $156,000 in May 2009 (8% decrease)
► Average days on market were 109 days in May 2010 compared to 109 days in May 2009*
► Inventory totaled 11,024 for May 2010 compared to 10,782 in May 2009 (2% increase)
► 2010 Year to date total residential sales are 4,368 compared to 3,989 a year ago (9% increase)
► Year to date average price is $161,336 compared to $166,965 a year ago (3% decrease)
► Year to date median price is $139,200 compared to $139,000 a year ago (no statistical change)
► Year to date average days on market is 108 days compared to 112 days in 2009
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