I really think one of the leading indicators in our monthly chart is the average days on market.  If you only watch that you will have a great idea about the pace of the market.  A few weeks ago interest rates jumped dramatically and it will be very interesting to see what effect that will have on the market.

May-13 May-12 %Change
Sold Dollar Volume $6,739,579 $5,831,000 15.58%
Avg Sold Price $293,025 $323,944 -9.54%
Median Sold Price $259,794 $315,000 -17.53%
Units Sold                  23                 18 27.78%
Avg Days on Market                  41                 78 -47.44%
Avg List Price for Solds $292,852 $330,739 -11.46%
Avg SP to OLP Ratio 98.6% 97.0% 1.67%

Courtesy of Jason Martin, a real estate professional & resident of Southwest. He may be contacted by phone at (202) 641-0299 or by e-mail at jason@jasonmartingroup.com.

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