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February 8th, 2008 1:45 PM by David W. Welch
January numbers will be out soon, but I am already looking ahead to February. The pending sales are continuing to rise (just over 1,840 today). The list price of the pendings is up from January too. If you read some of my recent blogs - www.davidwelch.com/myblog - you will see that I am placing the median sales price around 221,000 for January. I also looked at the median list price for January and found that it was only $229,900. The sales that are currently pending have a median list price of $239,900. So far this month, the average seller is taking 9% off the list price on the properties that have sold. If this holds true for the rest of the pending contracts we could see the median price just below $219,000 for February.