FRIDAY FACTS
April 22, 2011
MLS STATS:
MARCH 2011 MARCH 2010
Residential # Change Median Change DOM # Median DOM
Active 3326 -3.34% 3441
Sold 210 -14.98% $315,016 -11.73% 165 247 $356,880 162
U/A 160 6.67%
Condos
Active 881 -7.94% 957
Sold 42 -20.75% $198,588 -14.24% 167 53 $231,566 187
U/A 53 70.97%
Inman News had three interesting tidbits:
Brazil has real estate fever that bears uncomfortable comparisons with what was seen in the U.S. a few years ago. Residential property values in Rio de Janeiro have risen 99% since 2008.
The number of real estate licenses issued in Florida has dropped 75% since the start of the market collapse and fell from 47,000 in 2005 to 11,700 in 2010.
The Maine Association of Realtors had a weeklong “clearance” event ending the first week of April advertising $10,000 off participating homes. 750 sellers participated.
From a video on RISMedia: 90% of all FISBO’s end up listing with an agent.
From an article at CNBC.com, “For Housing Rebound, Once Again It’s Wait Until Next Year”: Cash buyers and investors have driven 70% of the increase in existing home sales since last July, while first time buyers have been responsible for just 6%.
From Foxbusiness.com: The vacancy rate for U.S. apartments plunged to 6.2% in the first three months of this year, and rents crept higher by .5% on average.
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