Here’s a snapshot of single family home sales for the period of January thru June for the years 2004 – 2015.
First up is the upbeat and positive picture of the continuing recovery in the number of homes sold up to $999,999. UP 78% from its bottom in 2009 – though still down 28% from its 2005 peak.
Followed by the gloomy picture of the ongoing lack of recovery for homes sold at $1,000,000 & UP – a market that has bumped along the bottom since 2009 and is down 32% from last year and an astonishing 80% from its 2006 peak.
And finally, the recovery of median sold prices – up 17% since they bottomed in 2012 – nice, but not nice enough, still down 22% from their 2006 peak.
The market is on a slow mend, except at $1million and up - where it’s on a dead end.
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