The real estate market continues its slow climb up the ladder to better sales and market activity. Here's a snapshot of September's market:
Closed sales on single family homes are up 20.4% from this same time last year. Closed sales on condos are up 20%.
Cash sales for single family residences are up 7.3% over last September and cash sales for condos is up 17.9%.
New listings are up 23.1% for single family residences and up 8.2% for condos from this same time last year.
The median sales price for a single family residence is up 20.6% to $160,000 from September 2012 and the median sales price for condos is down 4.3% to $100,500 from September 2012.
Traditional closed sales for single family residences are up 38.4% from last year. Traditional closed sales for condos are up 41.9% from last year.
Short sales for single family residences are down 28.7% from this same time last year. Short sales for condos is down 49.4% from this same time last year.
We continue to be in a seller's market with low inventory and plenty of buyer demand.