Buckman Housing Report for May '10

The BuckmanB neighborhood is in an interesting spot.B With 32 active listings and only 2 successful closings last month–a 6.3% sell-through rate is tough to swallow. At the same time, those two homes closed at -1.90% of the most recent listing price–which tells me they were probably priced just right and smart buyers and their agents knew when it was time to get into contract. Median prices show a really wide range–at the top $485k, at 50% it’s around $340k (which also happens to be the average), and the 25th percentile is at $195k.B We shall wait and see!

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