Looking at the stats from the Board released for May, the Single Family market is doing great compared to the past 5 years.
Single Family (Anything that is not a condo)
In May of 2007 we sold 1,980 homes and added 3,641 homes to the market. The median was $435,000.
This May 2012 shows that we sold 1710 homes and only added 2,706 homes, which has created a tighter market and the median was $436,000.
The Condo market is still feeling the downturn.
In May of 2007 we sold 487 apartment condos and added to the market 761. The median was $289,000.
In May 2012 we sold 386 apartment condos and added 640 condos to the market. The median was $252,750.
In May of 2007 we sold 400 townhomes and added 568 to the market. The median was $327,500.
In May 2012 we sold 289 townhomes and added 456 to the market. The median was $293,000.