Archive for August 13th, 2007
July Market Update
August 13, 2007
Another edition of my newsletter, Santa Cruz Market Trends, has been sent out to the folks who subscribe to it by e-mail. How did July shape up? The answer, surprisingly to some, is - not too bad! The median price for single-family homes throughout all of Santa Cruz county rose 3% (0.6% year-over-year). The news isn’t quite so cheery for condos: the median price dropped 8.3%, however, this means the price is still up 7.1% from July a year ago.
The bad news for Realtors (and mortgage brokers, escrow people, appraisers, home inspectors, and the like!) is that the amount of sales volume is down from last month - 14.5% for single-family homes, and 3.4% from July a year ago. Condo sales are down dramatically - 19.4% from June of this year, and down 34.1% from a year ago.
Technorati Tags: sales data, market data, real estate sales
Posted by SantaCruzBroker at 4:11pm
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