July stats are in and our market continues to sputter as it tries to get it's legs. My personal opinion is we are in a POST-Homebuyer Tax credit depression coupled with the severe mortgage and appraisal issues we are constantly dealing with.
The number of Homes Sold in July plunged 32% compared to June. On the other hand, the amount of new homes for sale only increased 2.4% (a stable supply will stabilize home prices) and Pending Sales showed a 14% increase over June's numbers. That should translate into a good August!
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