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January 10th, 2008 2:56 PM by David W. Welch
Go back and check my blog over the last two weeks or so, and you will see that I already told you what was announced today. The number of homes sold was just over 1,000 with a median sales price of $223,900. That price represents a 10% drop from the median in December of 2006 or $250,000. The overall median price for 2007 was down only 1.2% from 2006 ending up at $245,000 compared to $248,000.
This is a really early projection for January 2008, but I see another month of just about 1,000 sales. I think the median may be slightly higher, but not much.