Sales are almost equal compared to the first week of May in 2009, with 5 more SFHs selling in 2010, and 7 more Condos selling in 2009.
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However, we see that pending sales are trending lower than last year which will most likely result in lower year-over-year sales by month’s end for both SFHs and Condos.
At this time last year, inventory had already peaked and was gradually descending. In 2010, inventory continues to grow steadily.
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Average and median prices are up over 10% year-over-year for both SFHs and Condos for the same time period.
