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June 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
Month
$725,000 $1,142,745 $547,000 $629,684 99 19 94 $523 $441 5.2 93.5%
20 18 16 14 12 10 8 6 4 2 0
LM
L3M PYM
YTD
Prior YTD
Prior Year
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
Property Sales
June Property sales were 19, up 11.8% from 17 in June of 2010 and 137.5% higher than the 8 sales last month. June 2011 sales were at their highest level compared to June of 2010 and 2009. June YTD sales of 74 are running 1.3% behind last year's year-to-date sales of 75.
16
14
15
12
12
10
14
8 8
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 08 09 10 11
Prices
The Median Sales Price in June was $547,000, down 12.2% from $623,000 in June of 2010 and down 0.9% from $552,000 last month. The Average Sales Price in June was $629,684, down 24.2% from $830,500 in June of 2010 and up 5.8% from $595,375 last month. June 2011 ASP was at the lowest level compared to June of 2010 and 2009.
(000's)
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 08 09 10 11
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
10
10 10
18 16 17
35 30
25
93 81 90 90 92 96 86 96 89 86 84 72 66 76 94 87 89 95 110 112 114 109 108 102 96 90 84 85 94 99 99
20 15 10 5 0
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2011 MSI of 5.2 months was at its lowest level compared with June of 2010 and 2009.
40 20 0
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 08 09 10 11
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.
June 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for June was 94, up 2.2% from 92 days last month and down 6.9% from 101 days in June of last year. The June 2011 DOM was at its lowest level compared with June of 2010 and 2009.
Average Days on Market (Listing to Contract) for properties sold during the month
3 Mo Avg
211
101
94
100 50 0
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 08 09 10 11
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
620
487 441
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 08 09 10 11
104% 102% 100% 98% 96% 93.7% 94% 92% 90% J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 08 09 10 11 91.4% 93.5%
Inventory
New Listings
Sales
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 08 09 10 11
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.
June 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
Inventory
New Listings
Sales
120 100 80 60 40
131
133
111
110
112
114
109
108
102
99 M
96
96
94
95
96
93
90
90
92
89
86
86
87
89
90
84
81
72
24
24
17 16
21
20 0
J 08 A
D J 09 F
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.
17 12 12 8 21 6 15 10 23 14 22 10 14 15 18 19 16 14 14 10 25 10 30 8 21 6 26 18 28 16 33 17 23 11 22 9 14 11 16 9 17 10 17 12 23 10 19 12 19 13 21 12 28 8 26 19
16
12
8 7 9
16
26
D J 10 F
66
76
D J 11 F
84
85
94
99 J