The Market Report for April has just been released by John R Wood Realtors. It shows that sales activity for the first four months of 2012 is slightly behind the same period last year. On the other hand the median sales price is up by approximately 14%.

The inventory of properties for sale is down about 20% from last year with  April showing the fewest new listings since April of 2004. This is further indication that the market is improving.

Some noteworthy items: Pending sales in the $750,000 gto $1,000,000 are up 17%

                                             261 sales were recorded YTD over $1,000,000 with 8 over $5,000,000

To see the full report click