May 2002 – 2011 Sales Snapshot

May 2011 Market Trends

The local real estate market is hot!

Inventories of homes for sale continued to decline in April & May while competition for the best properties in all price ranges increased fiercely.  Over-bidding, all-cash offers, as-is terms, no contingencies, these were all commonplace terms in many of the sales over the past few months.

Local consumer confidence is still riding high, based on the success of our local companies, and in spite of the non-stop negative economic news both nationally and internationally. How long this can continue is anyone’s guess, but for the moment it’s certainly a “Seller’s Market”.



LAH Mkt Activity - May 02-11.xls

MP Mkt Activity - May 02-11.xls