The sale of homes to first time buyers seems to be helping move up buyers. Contracts written on homes from 200k to 300k were up 24%. The market however continues to be top heavy with homes in the higher price ranges. Contracts written on homes 400K and over were down 20% from a year ago.

Aug 09

For Sale 5319             -13.8%
Sold 875                          2.1%
Pended 1074              31.1%

For Sale 5319
New Listings 1778
Sold 875
Pended 1074
Months of Inventory based on Closed Sales 6.1 months
Months of Inventory based on Pended Sales 5.0 months
Avg. Active Price $218,000
Avg. Sold Price $168,000
Avg. Sq. Ft. Price $85 per sq. ft.
Sold/List Diff. % 97%
Days on Market 66 Days
Median Price $141,000