The volume of listings remained very consistent for July 2007 & July 2008. In July 2007 there were 177 listings averaging $281,589 and July 2008 had 172 listings averaging $256,641. The change in price point represented a 9% reduction.
Equally interesting was the consistency in the number of new listings during the same period. July 2007 came in with 32 listings averaging $257,766 and July 2008 at 35 listings averaging $263,240.
Now we come to the numbers reflecting the sales activity. July 2007 had nine properties go under contract averaging $282,311 versus July 2008 with only six properties averaging $312,267.
Finally, the month of July 2007 closed out with 10 homes sold averaging $268,930, while July 2008 saw two homes sold averaging $186,000.
In summary, the market remains robust for listings. Sales on the other hand are down , as are the sales prices.
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