·        Sales in the North Market area in November YTD 2007 have increased by 160 units or 9.41% in comparison to 2006.  The area recorded 1,860 closed single-family home sales and in 2006 experienced 1,700.

·        Listings are up in the North Market area by 31.91% over this time last year with 1,203 homes listed and on the market.

·        Contracts pending are up by 23.75% with 1,589 homes receiving contracts in November YTD 2007.  Contracts pending in November YTD of last year registered at 1,284 units.  The good news is that there is a large amount of buyer demand for the area. 

·        Average sales price is down slightly over last years’ average sales price and currently stands at $118,406 representing a decline of 1.71%.  Last year, average sales price was $120,470.  The median, however, which is the midpoint price where half the homes sold above and half sold below is down 1.32% over last year’s median sales price and is $112,000.

·        The North Market area currently has 7.2 months of inventory. Last year, the North Market had 6.8 months of inventory.  The increase in supply has been a major factor that is holding home price appreciation down.