By Namneet Dhaliwal
July 23, 2007
Houses are staying longer on the market and we are experiencing a decrease in price as compared to last year, if the sales continue to slow like this, we could see this pull back in prices going to 2004 levels. According to local MLS data there were about 173 residential properties for sale in 08/01/2006. As of July 23, 2007, there are 191 active listings in the market, the highest in past few years. There are only 27 properties in the pending status, marking it a very slow time for real estate market.
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