Heating Up

Market Heating Up

Low inventory and high demand are pushing the local real estate market to the extreme with buyers waiving contingencies, property inspections and even appraisals.

Trends at a Glance
(Single-family Homes)
  Apr 12 Mar 12 Apr 11
Home Sales: 217 209 191
Median Price: $768,000 $725,000 $725,000
Average Price: $1,067,527 $969,069 $1,025,906
Sale/List Price Ratio: 102.7% 101.4% 99.6%
Days on Market: 53 63 67
(Lofts/Townhomes/TIC)
  Apr 12 Mar 12 Apr 11
Condo Sales: 273 250 231
Median Price: $710,000 $631,000 $670,000
Average Price: $764,571 $749,676 $802,247
Sale/List Price Ratio: 100.4% 100.4% 98.0%
Days on Market: 68 67 71

Prices have followed with the average home price now at it’s highest level since June 2010.

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