By William Collins, Property and Asset Management
(ERA Queen City Realty)
June 2008 has seen more single family homes for sale over June 2007, listings were up by 10%. Coincidentally, the average list price was down from $347,000 to $312,000. There were 80 new listings during the month with an average list price of $312,000. New listing prices were an average of $324,000 in 2007. Only 14 homes went under contract with an average price of $281,000. Noticeably different was the $279,000 average price of homes sold in June 2008. This is a 20% reduction in sales price over June of 2007.