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.
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.
Average and median prices are up over 10% year-over-year for both SFHs and Condos for the same time period.