The volume of listings were significantly less for July 2007, at 176 with an average price of $518,660 versus July 2008, which came in at 209 with an average price of $470,426. The change in price point represented a 9% reduction and the change in volume represents a 18.75% increase.

The number of new listings was not far apart with July 2007 at 39 and July 2008 at 44. Here we see a reverse in pricing. Theaverage price point in July 2008 was $525,191, representing an increase over July 2007 by 5.5%.

Now we come to the numbers reflecting the sales activity. July 2007 had 20 properties go under contract averaging $573,670 versus July 2008 with 21 properties averaging $543,090. Very close indeed.

Finally, the month of July 2007 closed out with 35 homes sold averaging $601,626, while July 2008 saw 38 homes sold averaging $519,138.

In summary, the market remains robust for listings. While sales are up, the final sales price is down.