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August 25, 2008 
That’s right, sales are up, but not really enough to get excited about. It’s been a strange year, with overall good news, but unpredictability is the theme. Take a look:
A 1.5% increase in homes sold from June to July isn’t great, but it’s progress, considering July was still down 16% over this time last year. The concerning thing is seeing a decrease in average and median sales prices, however slight it may be. I don’t believe this to be a trend of any kind, though. August numbers will be very telling.
On a good note, days on the market have decreased and inventory levels have dropped a little bit. In addition, home sales nationwide are up more than 3%. Hang in there home sellers… things are slowly turning around. As for you buyers, now sure looks like a good time to take advantage before things swing upward again.
**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (7/1/07) through (7/31/08). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy.
