Home sales dropped again in August. Down from July, June and from May. But, to put a rosy spin on it, keep in mind we’re talking about August, and more homes sold in the dead of August than in the prime selling months of March and April.
Earlier in the year it looked as if we were in for a complete bust this year, but the market has improved, and also improved at the upper-end.
here’s a YTD tally of the # of homes sold from January thru August, 2013 & 2014,
2013 Jan – August 642 homes sold
2014 Jan – August 521 homes sold
sales are now down 19% vs.2013 – which is actually an improvement from July when sales were down 23% vs.2013.
Yet sales prices were up in August, due, at least somewhat, to more upper-end sales.
The following are average/median sold prices for January – August, 2013 & 2014.
2013 Jan – August $462,242/ $389,950
2014 Jan – August $489,750/ $412,000
So, thru August, prices are now UP 6% & 5.7% avg/median from last year. And that’s a little bump from July when they were up 4.4 & 4.3%.
The July report is HERE
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