June Statistics

Well June’s numbers are out and they again are a mixed sort of bag. Once again sales are up over the previous year…538 closed in June of 2009 as compared to 502 in June of 2008. The average sales price is down again over last year, $111,948 versus $129,390 for the same period last year. The good news is that this figure is well above the average sales price just a few months again, which was hovering in the low $90s. First time buyers and investors continue to drive the market. When will we hit bottom? I have no idea, but I know that in 15 or 20 years people will be saying, “I should have bought a rental house back in 2008 or 2009″