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June 2008: Market Update

Posted June 15th, 2008 under market updates.

Summer is here and the normal seasonal slowdown has begun.

Our overall sales this year are still lagging behind last year by about 10%. However, prices are remaining stable, even though there are more homes listed for sale than there were last year. Usually, an increase in homes listed would be a warning sign that we are in a recessive phase. However, if interest rates remain at the present level, we can look forward to a stable summer market.

Want to know more about the state of the market? Just ask me, I'll be happy to help.