I received this from another agent and he does a great job of showing the true numbers and how they compare from last year to this year. As you can see, the number of homes sold is down but prices have remained pretty steady compared to other markets.
Here are the sales of single family homes so far this year compared to the same time last year for the entire MLS and a few selected areas. First line for each area is from 1/1/07-7/8/07 while 2nd line is from 1/1/08-7/8/08 and the 3 line is percentage change from '07 period.
Area sales median sales price
All 5411 $222,575
MLS 3610 $212,000
-33.3% -4.8%
James 317 $292,500
Island 185 $274,000
-42% -6.3%
West 549 $247,500
Ashley 365 $249,911
-33.5% +1%
Mt. P. 687 $415,000
529 $398,000
-23% -4.1%
Summ/GC 2151 $192,879
1480 $175,000
-31.2% -9.3%
N. Chas 440 $157,000
321 $164,700
-27.1% +4.9%
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