Only 12 less sales in Genesee County in July of 2009 compared to July of 2008! Not bad all things considered.
According to the Flint Area Association of Realtors MLS service there were 375 sales in Genesee County in July, 2009 at an average sales price of $72,164. In July of 2008 there were 387 sales at an average price of $80,015.
Was there really a 10% price drop? Probably not, there are just so many FLINT foreclosures in very distressed areas selling for less than $10,000.00 that is putting a ton of downward pressure on the macro numbers. It is more of demand shift than a price drop.
Comments(0)