March 2010 Market Action Report

Comparing March 2009 to March 2010, there has been continual improvement in the first quarter of 2010. In the month of March, there was a considerable  51.9% increase in closed sales, new listings were up 35.3%, and there was  a 46.7% increase in pending sales compared to that of a year ago.

 From February-March 2010, closed sales significantly increased by 77.2%, pending sales were up 29.8%, while new listings increased 28.7%. Also, when comparing the month-to-month average sale price, there was a slight 2.6% increase ($280,300 v. $273,100) and a small 1.6% increase in median sale price ($238,900 v. $235,000).

Overall, the first quarter of 2010 has ended in a better position that that of 2009 first quarter.  New listings, pending sales, and closed sales all rose when compared to 2009. Please do not hesitate to contact me today so we can talk about how you can take advantage of the current real estate market!

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