December 2009 was much busier than December, 2008, with closed sales up 52.6% and only a slight decline of 4.2% in median prices. However, prices rose slightly when compared to November, 2009, with median prices up 1.3% in December. Inventory levels hovered at an almost stable supploy of 7.7 months of 11,597 active listings.
Looking back over the year, 2009 average sale prices dropped 12.2% compared to 2008 and median prices dropped 11.2%. Total sales volume for 2009 also dropped to $5.5 billion, down from $6.3 billion in 2008. It certainly was not an easy year for real estate.
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