Pending sales showed a strong finish in the 2nd month of the spring sales season.  New listings also rose as news of the uptrend in prices reached the consumer market.

         Closings, probably due to gas prices and still unrealistic credit policies by the mortgage companies, fell nearly 8%. The fall out rate for contracts is still at a very high level, nearly 30%.  Look for a continued uptrend in May!

 

FRIDAY: MAY 11, 2012

 

 

 

MARKET

MAY

APRIL 2012

MAY 2011

 

2012

ACTUAL

% OF

ACTUAL

% OF

New Listings

      470

     1,328

-64.61

      1,380

-65.94

Pending

      360

     1,034

-65.18

         899

-59.96

Closed

      188

        604

-68.87

         632

-70.25

 

  

 

April 30, 2012

 

 

 

MARKET

APRIL

MARCH 2012

APRIL 2011

 

2012

ACTUAL

% OF

ACTUAL

% OF

New Listings

   1,328

     1,131

17.42

      1,424

-6.74

Pending

   1,034

        915

13.01

         903

14.51

Closed

      604

        656

-7.93

         567

6.53