The market has been fairly unchanged in the past 30-60 days, but there are a few hopeful signs that an improvement may be on the horizon. June 2007 vs. June 2008 figures:
- Under $275K, there was a 14% decrease in sales as compared to June 2007 and the current inventory reflects a 46.1% increase in the supply of homes over the figures for this same time last year.
- $275-600K, we have experienced a 26% drop in sales as compared to last year, with the inventory up 40%.
- $600K+ price range has experienced a 50% drop with a 108% increase in inventory which represents a 21-month supply of homes now.