Experts feel that the real estate market will not FULLY recover until 2013. This is expected to be a gradual improvement to a more balanced market. However, in the last 30 days (May 9 – June 9), the average sales price of single family homes is up 6.38% from the previous 30 days (April 9 – May 9). On average, single family homes were listed at $256,935 (up from $242,200) and sold for $242,676 (up from $227,183) on average. The list to sale ratio improved by .65%. Once a “post tax credit” trend is established, we will have a better idea of where we are headed into 2012.
Slow Improvement is Better Than None