Thursday, June 5, 2008

Brookings Real Estate News | June 5, 2008

Residential Sales Take Off

Brookings area residential real estate sales strong in May 2008.

Sales were up by 10% this May compared to the same period in 2007. The Brookings area Multiple Listing Service (MLS) recorded $7.2 million dollars in sales for May 2008 as compared to $6.5 million dollars in sales for May 2007.

Home values were on the rise as well. The average home price for May 2008 was $157,515. This is an increase of 13% over the average price of $139,754 for May of 2007.

Source East Central Board of Realtors MLS
Compiled by Justin Fjeldos

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