The Numbers Are Coming in For August Sales in Bloomington

The numbers may not be totally complete since this is only the first of September and there will have been many closings yesterday in the Bloomington area that have not been inputted to MLS, but here are some preliminary numbers. This is for single family homes in Bloomington sold during the month of August:

• 102 sales
• Average price: $205,275
• Average days on the market: 105
• Average price per square foot: $95
• List price to sales price ratio: 96%

These are some healthy numbers. For the same period in 2008, there were 103 sales, and keep in mind that there will be additional entries uploaded into our system today and tomorrow. Average sales price is up 6.2% from August of 2008 as well. And even the average days on the market is down from 116 in 2008 to 105 this year.

So as the national housing economy continues to shows wonderful signs of recovery (new housing sales were up in August across the country), our local market is moving from its normal healthy status to actually becoming quite strong. More numbers will be coming over the next few days here on the b-town Report.