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June 2009 - Posts

It's all down from here?
Jimmy was correct back on June 24 when he said "BTW Peak price for this year has not been established yet." We reached a new peak average and median price yesterday. For single family homes, the 30-day average is now $444,316 and the median Read More...
Peak price for this year: Has it already happened?
For the past three years, we've reached our peak average price for the calendar year as follows: 2008: May(followed by a decline of 9%) 2007: July( " " 6%) 2006: June(" " 2%) On June 4, we reached our peak average price for 2009 Read More...
Inventory is approaching the danger zone
The May numbers are in the books(see below). Everyone underestimated the activity and the price increases this spring. The low interest rates along with prices which started out the year 10% lower than last year, has resulted in a price increase and a Read More...