September Property sales were 36, down 16.3% from 43 in September of 2009 and 35.7% lower than the 56 sales last month. September 2010 sales were at their lowest level compared to September of 2009 and 2008. September YTD sales of 433 are running 32.4% ahead of last year's year-to-date sales of 327. The Total Inventory of Properties available for sale as of September was 562, down 6.5% from 601 last month and down 23.6% from 736 in September of last year. September 2010 Inventory was at its lowest level compared with September of 2009 and 2008.

The Median Sales Price in September was $505,500, up 6.4% from $475,000 in September of 2009 and up 24.2% from $407,000 last month. The Average Sales Price in September was $577,725, up 2.7% from $562,585 in September of 2009 and up 16.2% from $497,206 last month. September 2010 ASP was at the highest level compared to September of 2009 and 2008.  The September 2010 MSI of 15.6 months was at a mid level compared with September of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is

below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The September 2010 Selling Price vs Original List Price

of 87.4% was down from 87.8% last month and up from 85.1% in September of last year.

 The average Days On Market (DOM) shows how many  days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for September was 116, up 14.9% from 101 days

last month and down 9.4% from 128 days in September of last year. The September 2010 DOM was at a mid level compared with September of 2009 and 2008.

The number of New Listings in September 2010 was 94, down 16.8% from 113 last

month and down 20.3% from 118 in September of last year.

MARKET ACTION REPORT