As a quick recap, December, 2009 combined MLS Residential statistics show a decrease in the Number of Closed Sales (down 9.9% for the month and down 12.8% for 2009) and a reduction in New Listings (down 16.5%) compared to December of 2008. On the positive side, the Combined MLS Residential Absorption Rate continues to stay low at 5.8 months (down 10.1%) and the Average Sold Price remains strong (up 16.9% from $240,945 to $281,765) compared to December of 2008.
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