Real estate facts: Total Sales – Week of September 7, 2010 | SummitDaily.com

Real estate facts: Total Sales – Week of September 7, 2010

August sales bounced back to nearly even with August ’09. Looks like the expired tax credit caused the decline in July. 646 properties closed through August, 17 percent more sales to date this year than last.

Average prices for all sales are even with last year to date but down about 13 percent for resale properties alone.

There were a total of 2657 properties listed for sale last week as the inventory begins the seasonal decline.

Real Estate Fact of the Week

274… average days on market to date ’10

93%… average listed to sold ratio to date ’10

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$289… average sale price per sq. foot to date ’10

Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or e-mail him at ChuckLeathers@Realtor.com.