Property values have changed less than 1.2% over the past year indicating a stable property values trend. There are currently 8 months of housing inventory indicating a balanced demand/supply trend. Over the past 30 days properties sold in a median of 53 days, indicating a marketing time trend of under 3 months. 35% of all sales over the past 3 months were bank sales or short sales which is a steady ratio over the past year and a historically high ratio that is putting downward pressure on homevalues.
