Sunday, January 28, 2007

Real Estate Report

With all the talk of a Real Estate "Bubble" I thought I'd post our unofficial numbers for 2006. You will see there is no Bubble here:

2005* there were 33,866 sales, with an average price of 217,681

2006* there were 37,337 sales, an average price of 229,085

So that's a 10% increase in the number of sales, and a 5.23% appreciation in average sales price... And the average Days on Market improved too, from 94 in 2005, to 84 in 2006.

Altogether a very solid and healthy year.
*Straight from the MLS, single family homes only.

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