Submitted by Michael on Wed, 04/11/2012 - 9:45am
Residential unit sales for 2012 Q1 were 209 with a dollar volume of $243,591,244 (average $1,165,508 per sale).

Compared to last year unit sales are down 4% but dollar volume was up 7%.


Inventory continues to decline.  We have 15% fewer residential properties on the market than in 2011 and 23% fewer than this time in 2010. As this continues prices should begin to stabilize throughout the valley (though we know there has been some areas that seem to have bottomed in terms of prices). Please see the attached Market Trends for more data on the valley's housing market in the first quarter.




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