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percent compared to 2,095 in April 2008. Homed sold for an average of $112,366 for the down 8.4 percent comparerd to $122,684 in April last year. Foreclosure sales dropped 43.2 percent to 329 in April compared to theprevious April. Year-to-date, there have been 6,234 total homes salee in the three-county area, down 23.5 percen compared to 8,154 in the same year-ag o period. The total year-to-datd sales volume is $676.2 million, down 31.3 percen compared to $984.8 million in the same period last The average salesprice year-to-date is down 10.2 percent compared to $120,770 last year.
the average sales price for all sales increased slightly from March to Apri and pending sales were flat in that sametime “We continue to see slighf increases in overall pricing, which coul be an indication that our local market is stabilizinh in terms of price,” MAAR president Jon Albright said in a “With pending sales holding steady, inventoryg levels continue to decline, fallinyg below 10,000 units for the first time sincre 2006.
” MAAR revised its salees reports after switching data sources in going from its Multipl e Listing Service to MAARdata, a proprietary property recordxs database that captures every sale publicl recorded in Shelby, Fayette and Tipton counties. Because MAARdata includew all sales, not just those conductexd by MAAR members throughthe organization’s MLS, it providesa a more comprehensive look at the locapl real estate market, according to In the past, MAAR pulled sales data for a given montb on the 15th of the following montnh to allow for the inherent lag in data Because MAARdata relies on information from public the organization discovered the lag time between when a sale closews and when it is recorded can be as lengthu as 30 days, leading to the revised sales informatiohn for January, February, March and April.
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