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March 24th, 2008 11:40 AM by David W. Welch
I was pleasantly surprised to see that the median sales price has picked back up from what I have been seeing. So far, it looks like there were 41 closed sales on Friday. There may be more added today and tomorrow. That brought the total closed sales for the month up to 603 with a median price of $220,000. If you follow my blog, you may recall that number has been running about $216,900. Looking at the sales expected to close by month's end, I do not expect that to be much higher. The median list price of the pending sales is about $219,900. It does appear though, that homes in that price range are not negotiating on price so much. Many are actually getting the asking price. They are probably paying some buyer closing costs though.