Tuesday, August 17, 2010

How many listed homes are selling?

1/2 of homes listed in 2009 were sold.  Considering the 9 month time frame for short sales to finalize, many of the homes listed in 2009 actually closed (sold) in 2010. 

45% of homes on the market last month (July 2010) had price reductions.  With the average sales price (nationally) of $254,987, there was an average of a 2.04% price reduction last month. 

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