Following a hefty drop in August, sales fell again in September. With those drops sales for August-September 2015 are down 6.6% from August-September 2014.
But YTD sales this year are still UP 10% over 2014 – but we’ve lost some ground – at various times earlier in the year sales were UP as much as 14% over 2014.
And September sold prices didn’t help the bottom line either. Average/median sold prices dropped –9% & -1% from August.
YTD, average/median sold prices are –1% & +4% vs. 2014.
It’s a long, slow slog, but prices are rising - they hit bottom in 2012 and have risen each year to where the average/median is now up 4% & 12% over 2012.
The puny performance of average prices is likely due, at least partly, to the fact that average sold prices are being dragged down by the many fewer upper-end sales this year. Sales at $1million+ this year are down 34% from where they were in 2012. And 2012 was by no means a banner year.
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