Single-family homes led all categories with nearly 23 percent more sold last year than in 2011. Average price also increased by nearly 6 percent to above $800,000. Homes sales equalled the nine-year average in 10 of the 12 months last year. This reflects the relative ease of borrowing for homes than for condominiums where prices barely moved at all last year. As soon as lenders get real our market will be in full health.
The number for sale is still hovering under 1,500 and shortages are developing in some areas.
446 ... single-family homes sold in 2012
104 ... single-family homes on the market sold for more than $1 million
246 ... average days on market for homes 2012
Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or email him at ChuckLeathers@Realtor.com.