Thursday, February 18, 2010

RMLS Market Action Report

The RMLS released the January 2010 Market Action Report this week. Here are a few highlights:

  • Compared with January 2009, average sales price increased 4.2%
  • Closed sales increased 34.8% and pending sales went up 20.2% over the same period
  • Months of inventory jumped from 7.6 to 12.4, the first time inventory exceeded 12 months worth since February of 2009

If you would like more information on the current market, or a copy of the full Market Action, please feel free to e-mail me at johnblom@johnlscott.com.

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