Alamo Title reports the following for July 2008:
Units for Sale: (compared to July 2007)
New listings were down 7.22%.
Pendings were down 21.19%.
Solds decreased by 24.61%.
As for Average Prices:
The "New Listings" average list price is up 8.90% to 319,346. In July 2007 the average list price was $293,258.
Sold average sales prices increased 0.08% to $253,500. For June 2007 it was $253,310.
Fortunately, generally homes are still appreciating, thank goodness. Does the dwindling number of solds worry you?
NOTE: The information herein has been obtained from Alamo Title's website and has not been verified.
