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Wednesday, April 6, 2011 - First Quarter Market Analysis

This year there appear to be no external influences on the market and it is operating normally again. According to the REALTORS® Association, there were 3,479 residential sales in the first quarter, down from 3,890 last year.

At the end of March, the average overall residential price was down 4.6% from a year ago at $327,725. The average price of a single family detached home was down to $378,912 compared to 2010 and condos were priced down 7.5% year-over-year at $232,706.

So - it truly is a great time to buy!

posted in General at Wed, 06 Apr 2011 21:01:30 -0600

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