July Home Sales Up – But Barely

That’s right, sales are up, but not really enough to get excited about.  It’s been a strange year, with overall good news, but unpredictability is the theme.  Take a look:

Jul 08 Market Stats

A 1.5% increase in homes sold from June to July isn’t great, but it’s progress, considering July was still down 16% over this time last year.  The concerning thing is seeing a decrease in average and median sales prices, however slight it may be.  I don’t believe this to be a trend of any kind, though.  August numbers will be very telling.

On a good note, days on the market have decreased and inventory levels have dropped a little bit.  In addition, home sales nationwide are up more than 3%.  Hang in there home sellers… things are slowly turning around.  As for you buyers, now sure looks like a good time to take advantage before things swing upward again.

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (7/1/07) through (7/31/08).  MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy.

Related Posts Plugin for WordPress, Blogger...
Ryan Hukill About Ryan Hukill

I'm the founder and creative Firestarter behind the ShowMeOKC Team. I love this great city and all that's going on here, and really love showing it off and helping to break the age-old stereotypes.

I married up, am Dad to 5, friend to many, motorcycle-junkie, traveler, camper, jeeper, OU & OKC Thunder fanatic, and love a great steak, a great cup of coffee, and great techie things.

Comments

  1. I try to look at the glass being half full rather than half empty and reading your information gives hope and i think people need to know that at least in oklahoma were still doing ok. thank you for the good report. I appreciate you taking the time to put together this information.