Using baseball vernacular, homes sales are indeed in a slump. Yep, there’s no getting around it: home sales took a nation-wide beating during the month of July. You can be hopeful or deeply concerned about the health of our economy, but either way, last month’s numbers were a tough pill to swallow.
On a national level, sales were off 27.2 percent versus the previous year, nearly double what analysts predicted. Bay Area sales fell similarly, down 23 percent.
While a double-digit drop in sales is a sobering experience for any industry, these averages paint a very broad picture. The data vary largely by county, city, and price range. For example, homes in the $100,000 to $250,000 price range were hit hardest, but the $1 million plus category remained steady…
Read the entire article and get the full July recap at: http://moorevision.wordpress.com