Compare the 2007 Market with Past 3 Years

May 7, 2007

The following is based on information in the IMRMLS for the Redlands Area:

First Quarter 2007
142 sales - 34 sold at list - 18 above list - 90 below
Median price $415,000

First quarter 2006
165 sales - 57 sold at list - 27 above list - 81 below
Median price $385,000

First quarter 2005
228 sales - 65 sold at list - 45 above list - 118 below
Median price $340,000

First quarter 2004
180 sales - 63 sold at list - 37 above list - 80 below
Median price $290,000

These numbers show a slowing in the activity, but homes are still selling and price negotiations remain fairly normal. As you can note, the median price has continued to increase.