New Listings were up 9.4 percent for single family homes and 6.0 percent for townhouse-condo properties. Pending sales landed at 198 for single family homes and 274 for townhouse-condo properties.
The Median Sales Price was up 11.1 percent to $750,000 for single family homes and 23.4 percent to $540,000 for townhouse-condo properties. Days on Market decreased 27.3 percent for single family homes was up 29.3 percent for townhouse-condo properties.
While some are starting to look for recessionary signs like fewer sales, dropping prices and even foreclosures, others are taking a more cautious and researchbased approached to their predictions. The fact remains that the trends do not
yet support a dramatic shift away from what has been experienced over the last several years. Housing starts are performing admirably if not excitingly, prices are still inching upward, supply remains low and consumers are optimistic. The U.S. economy is under scrutiny but certainly not deteriorating.
For a complete report regarding August monthly indicators CLICK HERE.
Snapshots below include up-to-date median sale prices by area.
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