February Real Estate Recap 2012
719 homes sold in January , 6.2% increase from January 2011
Median Sales price is DOWN again to a low of 160k 11% less then last year at 180k
14 months in a row the media sales prices have dropped
May 2004 is the lowest at 155k for the median sales price
37 percent of all closed sales were distressed homes
December had 938 closed homes and January was 719 a 23% decline
Listing inventory is increasing January numbers were 11,394 active listings up 2.7% from December but 18.8 percent Down from same time last year

We are still waiting for the market to stabilize. Prices are continuing to decrease as more and more distressed sell at lower values