·        Sales have declined in the Northwest Market area in comparison to November YTD 2006 by 10.30% with 2,847 MLS recorded home sales!

·        Listings are up in the Northwest area by 15.27% over this time last year with 1,751 homes listed and on the market.

·        Contracts pending are down by 2.78% with 2,238 homes receiving contracts YTD through November 2007.  Contracts pending November YTD last year registered at 2,302 units.

·        The median sales price, where half the homes sold above and half sold below is down by 1.35% and currently stands at $146,000. Average sales price is slightly lower than last years’ average sales price and currently stands at $174,006 representing an increase of .63% Last year; average sales price was $175,114.

·        The Northwest Market area currently has 6.5 months of inventory. Last year, the Northwest Market had 5.6 months of inventory, which is redirecting the market from a seller’s market to a balanced market.