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April 14th, 2008 11:16 AM by David W. Welch
The official March numbers are finally out. Sales were 1,080 up from February's 951 but still off March of 2007's 1,779. The median price is down from last year as well $220,000 compared to $240,000. Inventory was down from February by 512 homes. These are pretty much the same as my numbers, although I look at inventory a little differently. Here is an interesting statistic - twice as many homes over $1 Million sold in March as in February.
The rich get richer, because they buy when it is a great time to buy. This is a great time to buy.