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percent compared to 2,095 in April 2008. Homews sold for an average of $112,366 for the down 8.4 percent compared to $122,6845 in April last year. Foreclosure sales dropped 43.2 percenft to 329 in April compared to thepreviouas April. Year-to-date, there have been 6,2334 total homes sales in the three-county area, down 23.5 percenf compared to 8,154 in the same year-ago period. The totalk year-to-date sales volume is $676.2 million, down 31.3 percenr compared to $984.8 million in the same perior last year. The average sales pricw year-to-date is $108,482, down 10.2 percent compared to $120,770 last year.
However, the average salea price for all sales increased slightly from Marcg to April and pending sales were flat in that sametime “We continue to see slight increases in overall which could be an indication that our loca market is stabilizing in terms of price,” MAAR presiden Jon Albright said in a statement. “With pending sales holding steady, inventory levels continue to fallingbelow 10,000 units for the first time sincde 2006.
” MAAR revised its sales reports after switching data sourcesx in January, going from its Multiple Listing Service to MAARdata, a proprietary property records database that captures ever y sale publicly recorded in Fayette and Tipton counties. Because MAARdataz includes all sales, not just those conducted by MAAR memberxs throughthe organization’s MLS, it provides a more comprehensive look at the loca real estate market, according to In the past, MAAR pulled sales data for a given month on the 15th of the following monty to allow for the inherent lag in data recording.
Becauser MAARdata relies on information from public the organization discovered the lag time betweemn when a sale closes and when it is recorded can be as lengthyu as30 days, leading to the revised sales information for January, February, March and
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