First 6 mts 2008 what was the average price compared to last year

Asked by Robert, Fri Jun 27, 2008

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David Wray, Agent, Blowing Rock, NC
Tue Jun 17, 2014
Hi Robert,

What area are you looking in? Markets can differ from town to town and also differ in sections of town. Let me know and I will gladly provide those details.
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Larry Story, Agent, Greensboro, NC
Fri Jun 27, 2008
You can go to one of my blogs for the Triad area stats. I post them once a month now.
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Stanton Homes, , Raleigh, NC
Fri Jun 27, 2008
Again, June and second quarter statistics are not yet available for the Research Park Triangle area.

First Quarter 2008: average resale = $219,400.
2007: average resale = $216,800.

This includes all residential sales, so condos, townhomes, and single family homes. It can be broken down further by category.
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Curtis Darra…, Agent, Poughkeepsie, NY
Fri Jun 27, 2008
June statistics aren't out yet in my area, Poughkeepsie, NY but here are the stats for May 07 compared to May 08:

May 2007 = $416,705
May 2008 = $377,513

Decrease in the average sales price from 2007 to 2008 = 9.4%. This has been the case for the past three months (March, April & May 2007 compared to 2008). Prior to that our average sales price was only down approximately 2-3% year of year. It doesn't appear to be getting better. I estimate another 12-18 months of this down market before we hit bottom. Only time will tell.
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