Statistics are out for the first half of 2011 and the news is good! The number of closed sales decreased 11.2 percent to 6,081, the median sales price of homes increased 1.4 percent to $119,900 and the number of pending sales increased 16.4 percent to 5, 495.
Pending sales measure consumer confidence, the state is encourages to see that the number of pending sales has risen, which substantiates reports of increasing interest and activity across the state.
Housing starts rose nationwide and builder’s outlooks are improving.
The decrease in closed sales is not a surprise because one year comparisons will continue to be distorted until the impact of the federal home buyer tax credit recedes and the overall economy improves. October 2012 is the soonest an honest year-over-year comparison can be made, because the closing deadline was actually extended until September 30th.
To see how your local counties statistics, view the links below:
