Thursday, April 3, 2008
Tuesday, April 1, 2008
[click to enlarge chart]
In addition, the median price (6 month trailing average) fell to its lowest level since early 2007.
The above results are certainly not great news for those selling their homes. They suggest that further price attrition will occur before home sales increase.
However, next year we may all look back at this point in time and determine that 2008 was an excellent time to buy a new home.