September Focus

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Welcome to FOCUS a monthly residential market update prepared by The Marketing Directors.

While the number of contracts signed in August dipped a little compared to the rest of the summer, it is still 49% higher than the number of contracts signed in January 2009. The average end price of inventory remains constant at $1.9 million and the average end price for closed homes has stabilized at $1.7 million.

This month’s Focus is concentrating on new condominium offerings. The number of new offerings fluctuates as buildings work to make construction deadlines and reach financing pre-sale requirements.

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