Pleasanton overview
May home sales were 50% higher than this time last year with the median home price going up marginally and the average days on market falling to 47 days with continuing low inventories. With 102 active homes at May end, there was only one month of supply based on current absorption rates!
Although 2012 sales to date have been lower than the previous year, this can still be attributed to lower inventory as opposed to lack of buyer demand. The average days on market crept up to 47 days in May from 33 days in April. Sales are significantly higher than 2010, 2009 and 2008.The strongest sales has been in the $400-$2million price range, whilst the $2m plus range is weak:
Contact anju@anju4homes.com or visit http://www.anju4homes.com/
May home sales were 50% higher than this time last year with the median home price going up marginally and the average days on market falling to 47 days with continuing low inventories. With 102 active homes at May end, there was only one month of supply based on current absorption rates!
Although 2012 sales to date have been lower than the previous year, this can still be attributed to lower inventory as opposed to lack of buyer demand. The average days on market crept up to 47 days in May from 33 days in April. Sales are significantly higher than 2010, 2009 and 2008.The strongest sales has been in the $400-$2million price range, whilst the $2m plus range is weak:
Contact anju@anju4homes.com or visit http://www.anju4homes.com/
No comments:
Post a Comment