It’s looking more like January will be the only month in 2012 that didn’t register a year-over-year increase in sales.
Single family sales are up 8.96% y/y after 3 weeks in December with 608 properties selling.
The average price is holding stubbornly to it’s +$500k level: currently at $504,547 which is an increase of 8.39% from 2011’s $465,475 MTD average.
You’ll notice the daily CREB statistics now includes the median again (yay!) It’s sitting at $420,000, up 5% or $20,000 year-over-year.
Single family new listings are down -11.46% so far this month and are selling a week quicker than last December: an average of 51 days on market.