DECEMBER 2011 REAL ESTATE MARKET UPDATE
Residential Highlights
4.5% Increase in closed sales year over year with a 2.1% overall increase versus 2010
35.8% Decrease in Absorption Rate (4 months)
36.5% Decrease in active listings (8,854) .4% Increase in average sold price ($275,610)
Condo/Townhome Highlights 3.8% Increase in closed sales year over year with a 1.1% overall decrease versus 2010
50.4% Decrease in inventory (2,139)
1% Increase in average sold price ($160,723)
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