Wednesday, May 11, 2011

Market trends report for April

In April, the number of pending sales (homes that have gone under contract) are broken down into their price ranges:

Total of 281 homes in April went under contract! March's number of pendings was only 126!

$0-$100k- 107 homes
$100,001-$200k- 106 homes
$200,001-$300k- 36 homes
$300,001-$400k- 19 homes
$400,001-$500k- 6 homes
$500,001 and above: 5 homes

May's numbers so far are encouraging! Current number of pendings for homes under $200k will surpass April's numbers if they continue on their current pace!
**So far, there are 5 pending homes in the $300k-$400k price range and 2 May pendings in the over $500k price range! Sales of the higher priced homes are starting to increase, which is a key indicator of the security of buyers!