There are rumors flying everywhere… “John’s friend’s neighbor’s house took over a year to sell and only sold for 2/3 of his asking price!”  So where are the facts in this panic and uninformed talk?

• As of today, 468 residential homes are currently pending in MLS.
• The longest one of these sold homes was on the market was 385 days.
• Average Days on Market was 71 days.
• Median Days on Market was 56 days.
• The most expensive home to sell so far this year sold for $5,150,000, down from the original listing price of $5,900,000.
• The least expensive home to sell so far this year sold for $48,500, down from the original listing price of $49,000.
• Average Listing Price: $311,233 / Median: $219,950
• Average Selling Price: $292,002 / Median: $214,000
• Average Selling Price Per Square Foot: $137.20 / Median: $115.12
• Average % of Sales Price of Listing Price: 96% / Median: 96.9%