2010 Year End Statistics for Residential Sales
Posted by * Not working with agent on Friday, January 7th, 2011 at 3:18pm.I have posted the 2010 year end residential statistics along with the 4th quarter figures for 2010. The 2201 sales in 2010 are about the same as in 2009 and 2008. The Median Sale price shows that home prices are holding and in most instances are going up slightly.
2010 was not a typical year for reporting sales because of the 2 stimilus tax credits for Buyers that ended in the 2nd quarter. Typical sales that would have been made in the 3rd and 4th quarters were made and closed in the 2nd quarter.
We all see and hear about the national housing market being down and prices dropping. Remember tha all real estate markets are local . What happens in the Cedar Valley isn't necessarily the trend in the other parts of the United States. We have been fortunate to have steady employment, low interest rates, good economy and a good supply of homes available for sale.
2201 sales compared to 2173 in 2009
Median Sale Price in 2010 was $115,000 compared to $114,900 in 2009
Average Sale Price in 2010 was $128,276 compared to $134,784
Days on Market in 2010were 71 compared to 74 in 2009
4th Quarter 2010
505 Sales in 2010 compared to 584 in 2009
Median Sale Price in 2010 was $117,000 compared to $115,875 in 2009
Average Sale Price in 2010 was $128,276 compared to $134,784 in 2009
DOM were 88 compared to 73 in 2009
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