Markets Stabilize in August
Metropolitan Monthly Monitors: Metro Resale Index September 2010
Metropolitan Monthly Monitors: Metro Resale Index September 2010
Urban City Economic Analysis
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- Resale markets caught a break in August. Sales rose on a month-to-month basis in 21 of the 28 areas covered, but remained below year-earlier levels in 26 jurisdictions.
- Market stances are uneven. August’s sales-to-listings ratio rose from July’s in 15 markets, but remained down from a year earlier in 25. Still, the number of “buyers” markets rose to six in August from four in July.
- Slowing price growth is becoming more widespread. Year-over-year growth was less in August than in July in 15 markets. But, prices remain above year-earlier levels in all but six markets.
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