June Market Report Released

A review of BLC® listing service market data reveals that 7,218 homes pended, 6,735 homes sold and 12,652 new listings posted in the three months ending in June. The pended number – down 6 percent from the same three months in 2008 – continues the encouraging pending shrinkage experienced in May. 

Units sold for the quarter are down 10 percent. Average and median sales prices are down six and nine percent respectively. The report reveals that the months of supply for the region as a whole is down to 8.9 months from 10.2 in June 2008.

Again, we are continuing to hold around the 8 to 9 month supply which is still slightly a buyers market.  The forward leading indication (Pending #s) is still sliding, which is positive. 

Derek Gutting, The Gutting Group, Keller Williams Realty, 317 846-4888 direct