Closed sales of condos and single family homes on less than one acre totaled 440 for September. Compared to September 2008 (488 sales) the September 2009 sales are down approximately 10%. The average sales price for this September was $179,636 and the median sales price for September was $160,000.

Year-to-date sales through September total 3,324. This number is down 15.5% compared to last year through September when 3,933 closed sales were reported. The average sales price this year is $191,498 compared to the same period last year when the average sales price was $207,513 down 7.7%. The year to date median sales price is $171,575 down 7.2% compared to the same period last year when the median prices was $184,975.

The inventory as of this report is 3,417 homes on the market down 49 homes from August. Year-to-date new home sales total 405 compared to 625 last year, down 35.2%

For the first time since April 2007, going back over 2-1/2 years, we have exceeded the number of sales from thesame month the previous year. August 2009 sales totaled 488 compared to 475 in August 2008. The average sales price for August was $189,711 while the median sales price was $169,975. Year-to-date sales through August total 2,884. This is down 16.8% compared to last year when 3,466 sales were reported on a year-to-date basis. The average sales price through August was $193,307 compared to the average sales price through August last year which was $208,353. The median sales price through August was $173,750 compared to $185,400. These sales price figures are down 7.2% and 6.3% respectively. The inventory as of this report stands at 3,466 which is virtually the same as last year. New home sales total 355 through August down 35.1% from last year through August when new home sales totaled 547.

March closed sales increased 68% over February closed sales. 326 closed sales were reported for March. The average sales price was $200,229 while the median price was $176,200.

For the first quarter of 2009 sales totaled 638 which are down 241 sales compared to the first quarter 2008. The average sales price for the first quarter was $200,475 which is approximately the same average price for the first quarter last year. The median sales price for the first quarter 2009 was down 1.5% from the median price for the first quarter last year, $175,000 in 2009 compared to $177,700 in 2008.

Inventory for the fourth consecutive month is less than the inventory at the same time last year. Current inventory as of this report is 2,687 units compared to 3,044 a year ago.