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June 9th, 2008 2:28 PM by David W. Welch
You can tell the numbers look better, because they came out a day early. Check www.DavidWelch.com for a link to the Market Pulse for June 2008. Pay special attention to the graphs showing new contracts, total contracts and sales. They really illustrate turnaround we have seen since the first of the year. Sales in May were nearly 57% better than January's sales. The improvement over April was not so dramatic, and new contracts remained flat compared to April. We are still seeing an improvement though in closed sales, total contracts, inventory and the months supply of homes for sale. The other improvement we saw in May is in median price which increased from April's $211,000 to $214,000.