Thursday, August 13, 2009

Are Home Sales Up? -- part 2

Here is a chart that shows the trend noted earlier regarding homes sales v. median price. Median sales price for June '09 in Forsyth County was approximately $135,000 (down $40,000 from 24 months ago). While this chart is Forsyth County specific, Forsyth County is pretty indicative of what is happening in surrounding counties as well.
What does this mean? Homes are selling, but price is key. The less expensive the home, the more likely it is to sell.

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