Cedar Mill Housing Report for May '10

Cedar MillB in comparison to other neighborhoods, rocked it in May! With 93 active listings and 23 closed transactions, this community is running at at 24.7% sell-thru rate! YEA! Still a buyers market but getting closer to that 35% when the market becomes neutral! I love seeing this!B Average sales price was $360k and the medians show why homes are selling here vs. Bonny Slope: 75th percentile $430k, Median is at $345 and 25thB percentile is at $205k!B The 23 closed homes did so at -4.25% of the most recent list price.

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