Real Estate Market Update Aug 1, 2011 by Sharon Stevens of For Buyers Only Realty of St Augustine, Exclusive Buyers Agent - 08/01/11 09:17 AM
Last week's most positive note came with Pending Sales of Existing Homes, UP 2.4% for June. This was especially gratifying coming on the heels of the 8.2% gain for May. These figures bode well for Existing Home Sales a few months out. New Home Sales did not fare quite as well. Sales of new single-family homes fell 1% for June, coming in at a very modest 312,000 annual rate. But the months' supply of new homes dropped to 6.3, as inventories declined by 3,000 to their lowest level since 1963. The $235,200 median price was UP 7.2% over last year, while … (1 comments)