Monthly Indicators: January 2011 Results Are In!

JANUARY 2011 Regional MLS Data

According to the Pee Dee REALTOR Association, "pending sales in our region decreased 28.7 percent since January 2010 to 87 agreements signed. New listing activity decreased 18.6 percent, which means sellers placed 272 new homes on the market."

The association also reports a decline in sales prices. According to their report, "median sales price decreased 8.7 percent from last January to $109,450. Negotiations moved toward buyers as Percent of List Price Received at Sale decreased to 86.7 percent. Months Supply of Inventory increased 15.4 percent to 14.5 months."