This chart shows the disparity between the active market and the contingent(under contract) market for several key market statistics. This chart shows that the condo market is in trouble, buyers are preferring short sales and bank owned properties, buyers are preferring less expensive properties located in Berkeley and Dorchester counties, and buyers are preferring new construction over older homes. It also shows how much more difficult it is to sell a home when only offering 2 or 2.5% co-op commission
| 3/16/2010 | 5/10/2010 | ||||
| Active | Cont/Pend | Active | Cont/Pend | ||
| Entire Residential MLS | 9839 | 2031 | 9911 | 2507 | |
| Median List Price | $250k | $180k | $257k | $185k | |
| Median $/sqft | $144/sf | $103/sf | $143/sf | $104/sf | |
| Lender Owned | 2.8% | 7.4% | 2.7% | 6.0% | |
| Short Sale | 5.9% | 14.9% | 5.7% | 13.0% | |
| Berkeley/Dorch | 32% | 49% | 32% | 48% | |
| Median Year built | 1997 | 2003 | 1997 | 2003 | |
| Pre-owned | 83% | 71% | 85% | 70% | |
| Single Family Detached | 68% | 79% | 68% | 80% | |
| 2% or 2.5% Compensation | 23% | 15% | 23% | 15% |