“Over the past several months, we have seen housing market conditions trend toward more balanced conditions,”
Ann-Marie Lurie, CREB® Chief Economist
“This eased some of the upward pressure on prices, as prices are starting to stabilize following steep gains that occurred in the first half of the year.”
July sales were 2,319 units, far above long-term averages and setting a new high for the month.
The rate of sales growth has slowed in recent months, but the...