The figures for September are in and we have now had 2 months with consecutive average sold price gains.  We had a 1.8% gain in units and 12.5% gain in average sales price.

First time homebuyers have about 1 and a half months to close on a home and take advantage of the $8,000 tax credit.  There are rumors that this may be extended but it has not been done yet and time is ticking.  With high inventory and low interest rates, there's no better time for first time homebuyers to take advantage of this market.

In the month of September, we saw a decrease of 123 homes in our listing inventory.  We have 5,313 single family homes in our MLS with an average list price of $393,620 and an average sales price of $263,425 in September.  We are still in a strong buyers market with a listing inventory of 13.4 months.  The average days on the market in September was 135 and the list to sold ratio was 93.5% (down 1% from last month).

If you have any specific questions about the market or want to take advantage of this great market, just give us a call.  We are here to help you with all your real estate needs.