OK the heat got to me and I am late on getting this out -sorry. The good news is that there is so much going on right now in our real estate world, some good, some bad and some that we will put off for later discussion.
Let's get right to the nitty-gritty numbers...
- The number of units listed for sale is down 20% over the number of units listed in July '08. August '08 listings are also down 25% over the number of homes listed in August 2007.
- The Average list price is down just under 5% over July ‘08 and is down 2.5% over the August '07 average list price.
- The Average SOLD price is down 3.3% over July ‘08 which is another not so welcome bit of news. The consolation prize comes with a slight increase in the SOLD price this year compared to August ‘07 which is up 2.6%.
- The Average Days on Market also increased to 65 days, a 12% decrease over last months 58 days on market average and is up 20% over August 2007 days on market of 54.
Traditionally the market takes a little bit of a slide starting in July until October / November time frame. This July numbers were up but overall the trend is inline with previous years. Sit tight, wind down, and we'll see what the fall market brings.
*statistics derived from TrendMLS provider of multiple listing services to the real estate community of Delaware County and many other surrounding counties