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August 2010 Market Report

Monthly Highlights

• Pending sales for detached single-family homes rose 2.13 percent from the previous month yet monthly home sales declined for the fourth consecutive month.

• The median sale price for single-family detached home sales saw a modest decline in August to $182,500, down 1.88 percent from both the previous year and previous month.

• Active listing inventory for single-family, detached homes is at 5,759, up 8.68 percent from the previous year.

Contact: Mark Pando, 2010 GAAR President, 505-249-0188

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Full Market Report

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