Home Prices

The average sales price for homes sold in the first half of the year was $246,000, down 5.7% from the same period last year. Recently, however, home prices have started to level out (See Chart below).
Click on chart to enlarge.

While not every home for sale is priced at market value, more sellers are starting to price right (which means a list price reduction was not needed before an offer was accepted). In January only 26% of sellers were pricing right; by June this number rose to 41%. The consolidated numbers for the entire first half of 2010 are found in the chart below.

Click on chart to enlarge.