Home sales continue their strong push in the MRIS region. In July there were 12,528 signed purchase agreements, an increase of 31.1 percent from July 2008. Not all of these agreements will reach the closing table, but it is nontheless a welcome sign of robust buyer activity.
The overall median sales price continues to decline relative to one year ago as heavy activity in the lower price ranges skews the overall number downward.
Homes are selling quicker in 2009 than they did in 2008: the year-to-date Average Days on Market Until Sale of 110 is a 4.5 percent decrease from the same period last year.
