OK folks, the numbers are in and they’re not bad. Sales for the 3 months ending Sept. 30th are running on par with 2006. Sales prices, though, took a dip, with the 1st year over year drop in the median sales price since I started collecting data in 2001. But all is not doom and gloom, though you’ll have to read this month’s Current Market Report to get the whole scoop.
But its important to remember that September’s sales data reflects market activity mostly in June and July, before the tsunami of negative real estate news in August. Its been very slow since mid August, and only time will tell how that plays out in closed sales figures over the next couple of months.
Please check out this month’s Market Report and then drop on back here and post your thoughts. Now more than ever I think its important to get as wide a variety of perspectives as possible, because its really tough to get a handle on which way the real estate market is moving.