Real Estate Report June/July
Home Prices Down, Condo/Loft Prices Up Again
The median price for single-family re-sale homes fell 1.4% in May from April. Year-over-year, the median price was off for the ninth month in a row, falling 4.7%. The average price was up 1.4% indi- cating that more higher priced homes sold last month.
The median price for condos/lofts rose 5.5% from April and was up 7.5% compared to last May. The average price was up a whopping 16.6%.
Home sales rose 9.4% from April, but were off, year-over-year, by 11.4%. Year-to-date, home sales are down 4.1% compared to the first five months of 2010.