The area’s average sale price for the last twelve months was $273,200–up 14.1% from the $239,400 average for the twelve months prior. Using the same date range median sale price appreciated 15.7% ($229,000 v. $198,000).

Year-To-Date Trends

Closed sales continue to show growth this year, up 15.9% when compared to the same time frame in 2004 (see Year to Date Rows of the table below). The number of pending sales also increased 14.4%. New listings increased 5.2%.

Third Quarter Report

Comparing the third quarters of 2004 and 2005, closed sales are up12.8% (10,639 v. 9,435), pending sales increased 13.1% (10,579 v. 9,357) and new listings increased14.8% (14,059 v. 12,243).