Today we released our June 2011 housing numbers and both single-family and condominium home sales were down compared to the year before. While single-family median prices were done slightly (less than 2%), year-over-year condo prices were up. Both sales and median prices were up from May.
Keep in mind that we are comparing this past June to June 2010, which was the final month for buyers to close on homes to take the extended and expanded home buyer tax credit. As a result, we are seeing bigger differences between this year and last year than we probably would have if there had been no tax credit.
Click the link to see the June 2011 Housing Release and listen to the monthly podcast with MAR President Laurie Cadigan.
Highlights from the release:
- Single-family home sales were down 17.7% compared to last year.
- Single-family median prices were down 1.6%
- Condo sales were down 18% compared to the same time last year.
- The median price for a condo was up 4.8% compared to last year.