The numbers confirm what we all felt in our guts - according to the Lake Martin Multiple Listing Service - in the second quarter of 2008, sales were down compared to 2007. Also, just as importantly, the number of active listings was up, therefore keeping a lot of pressure on sellers.
If you recall, in 2007 by June we really had a pretty good idea that we were in for a miserable drought. I would have thought that meant June 07 waterfront sales would be a lot lower than 2008 (drought tempered). But I was wrong. The year to date numbers get even uglier......
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