The October 2008 report from Dataquick was released today. Sales were flat month over month at 802, down 6 (-.75%) from the previous month. Sales rose 264 (49.10%) from the year before when we were in the depths of the mortgage crisis. Median price was down $10,0000 (-2.5%) to $375,000 from the month before. Year over year the median price dropped $160,000 (-29.10%) from $535,000. Sales are stronger but not strong. They are only driven by a continued presence of motivated sellers, if those get removed from the market sales will slow considerably.
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