The volume of listings for July 2007 was 164 with an average price of $688,000 & July 2008 was 177 with an average price of 667,546.
New residential listings during the month were 29 with an average of $682,607 for July 2007 and July 2008 was 34 residential listings averaging $730,894.
Now we come to the numbers reflecting the sales activity. July 2007 had 16 properties go under contract averaging $764,344 versus July 2008 with 20 properties aveaging $500,165.
Finally, the month of July 2007 closed out with 24 homes sold averaging $596,417, while July 2008 saw 15 homes sold averaging $589,533.
In summary, the market remains robust for listings. Sales on the other hand are down as are sales prices.
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