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11.29.09 - October Market Report Shows First Positive Signs

From MIBOR: A review of BLC® listing service market data reveals that 6,929 homes sold in the three-month period ending in October, 2009. That represents a 2 percent increase from the same three-month period in 2008 – the first positive increase since MIBOR began tracking by rolling quarters in February of 2008. Sales price, both average and median were also encouraging, with average sales price up 1 percent and median up 2 percent. Total sales volume for the market was up 3 percent. New listings decreased 6 percent putting the average months of supply at 8.3 – down from last year’s 9.9.

http://tinyurl.com/positivegrowth