Looking at the numbers as they stand so far, the one that really stands out is the median price of the sold listings. As of this morning there have been 1,156 closed sales with a median price of $219,990. That is definitely on the higher end of what I have been seeing the last couple of weeks. When all the sales are entered over the next couple of days, that could change a bit. I also am confident the number of sales will be an improvement over May's 1,276. It is also very likely the number of new contracts and total contracts will be better than May's numbers. As of this morning there have been 1,987 new contracts with a total of 3,574 total contracts pending. The inventory of homes for sale is only slightly lower while the inventory of homes in some stage of foreclosure is up a bit.
www.DavidWelch.com, www.RealEstateOptimist.com
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