Market Statistics for the week ending 1/27/2011

HOMES: There are currently 354 homes on the market at an average price of 780,801  that have been on the market 131 days. There were 14  new listings and 3 homes came back on the market after being under deposit. 10 Properties had a price change. In the last week,  6 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 8 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 12 properties that closed in the last week had an average price of 747,883

CONDOS: There are currently 216 condominiums on the market listed at an averageprice  of 327,555 have been on the market 141 days. There were 9  new listings, and 1 property came back on the market after being under deposit . 2 Properties had a price change. In the last week,  3 properties went into CTS status,  and 4 properties went into pending status. The 2 properties  that closed in the last week had an average price of 350,000