Tri-County Market Report - May 2008

May 2008 Eastern Panhandle Market Summary

Berkeley County

2008

  2007

  % Change

Total Sold Dollar Volume:

$22,280,248

$23,362,025

-4.63%

Average Sold Price:

$193,741

$210,469

-7.95%

Median Sold Price:

$185,000

$205,000

-9.76%

Total Units Sold:

115

111

+3.60%

Average Days on Market:

121

107

+13.08%

Average List Price for Solds:

$213,678

$226,073

-5.48%

Avg Sale Price (% List Price):

90.67%

93.10%

-2.43%

Active Listings:

1497

1637

-8.55%

New Listings:

275

379

-27.44%

Contracts:

90

97

-7.22%

Jefferson County

2008

  2007

  % Change

Total Sold Dollar Volume:

$12,578,017

$17,124,640

-26.55%

Average Sold Price:

$251,560

$295,252

-14.80%

Median Sold Price:

$217,950

$280,450

-22.29%

Total Units Sold:

50

58

-13.79%

Average Days on Market:

131

132

-0.76%

Average List Price for Solds:

$286,732

$316,096

-9.29%

Avg Sale Price (% List Price):

87.73%

93.41%

-5.68%

Active Listings:

702

743

-5.52%

New Listings:

134

157

-14.65%

Contracts:

39

33

+18.18%

Morgan County

2008

  2007

  % Change

Total Sold Dollar Volume:

$2,419,210

$4,250,050

-43.08%

Average Sold Price:

$151,201

$202,383

-25.29%

Median Sold Price:

$144,455

$199,000

-27.41%

Total Units Sold:

16

21

-23.81%

Average Days on Market:

155

143

+8.39%

Average List Price for Solds:

$175,613

$222,276

-20.99%

Avg Sale Price (% List Price):

86.10%

91.05%

-4.95%

Active Listings:

323

318

+1.57%

New Listings:

70

58

+20.69%

Contracts:

17

11

+54.55%