The Numbers

The Numbers – June 2009

The FMLS has finally published the June 2009 numbers!   And there is continued good news in the numbers.  Across all of FMLS areas (36 total) average closed prices are continuing to head back up.  We are seeing lower inventories and the large number of months supply of houses on the market is starting to moderate as inventories continue to decline.  If this trend continues we can expect prices to continue to increase.

Below are the monthly charts for 5 in-town areas of the FMLS – just a portion of the 36 total areas in FMLS.

FOR CONDOS/TOWNHOMES:

Area	# of Sales	Total Sales Volume	Avg Sale Price	Average Original List Price	Sales Price to Final List Price	Average Total Days on the Market
21	72	$ 21,803,417	$     302,825	$       435,664	74.1%	146.2
23	75	$ 14,983,000	$     199,773	$       218,380	96.0%	107.6
24	5	$      868,900	$     173,780	$       188,560	96.2%	49.6
52	46	$   7,643,805	$     166,170	$       186,434	94.4%	120.1
TOTALS	198	$ 45,299,122

 

HOUSES:

Area	# of Sales	Total Sales Volume	Avg Sale Price	Average Original List Price	Sales Price to Final List Price	Average Total Days on the Market
21	65	$61,106,623	$       940,102	$     ,138,312	87.8%	115.5
23	40	$19,032,273	$       475,807	$      550,100	94.7%	132.5
24	63	$14,952,700	$       237,344	$      262,342	96.2%	91.8
31	119	$5,230,423	$         43,953	$        57,414	92.8%	79.6
32	73	$8,631,929	$       118,246	$      135,225	95.6%	79.8
52	160	$35,186,598	$       219,916	$      247,542	93.7%	90.2
TOTALS	520	$144,140,546

Click here for FMLS Area – key codes.    

In these in-town markets – the total sales volume for Condos/Town homes was $21,804,580 for May compared to June’s sales volume of $45,299,122.  Sales volume of single family homes in these 5 areas jumped to $144,140,546 in sales volume compared to May’s sales volume of $99,337,550.   Here are breakdowns of past months: May 2009, April 2009 & March 2009.

It is a great time to buy!