Posted By Deborah Tucker @ Feb 14th 2011 3:00pm In: Real Estate Trends

Both residential and condo sales are UP from a year ago.  The number of closed residential properties were up 4.04% with 2,422 closing in the month of December.  The average days on market was up to 111, but the number of active listings increased 13.68% to 13,941 homes currently for sale.  The average sale price did decrease 2.53% to $274,625.

As for condominium sales, they were down 4.60% from last year, with only 602 properties closed .  Again, days on market was UP 41.94% to just 132 days and the number of active listings decreased 7.16% to 4,316 units.  However, unlike residential sales, the sale price increased for condo sales 4.02% to $166,841.

August is looking like it too will trend down from August of 2009 and this is with interest rates at historic lows.  If you are thinking of buying a home, this is a fantastic time.  In most instances, you can find yourself with a lower house payment, than it would cost to even rent.  To see what you qualify for and what your payments would be on the home of your dreams, contact any one of the professional real estate agents of Sterling Real Estate.  They will be happy to help make your home dream come true!

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