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!