Notice that title…it’s a quote. Don’t hate on us for being Realtors and wanting to help get out of this recession. Here is the most recent RE-Report verbatim:
Sales of single-family, re-sale homes and condos rose 15.5% in July compared to June. Home sales were also up 10.1% year-over-year. This is the first month home sales have been higher than the year before since last September. Year-to-date, home sales are down 12.3%.
Condo sales were up 17% month-over-month, but off 18.4% compared to July 2008. Year-to-date, condo sales are down 30.9%.
The median price for single-family homes rose for the fourth month in a row. The median price rose 0.6% from June, but was down 7.6% year-over-year. The average price dropped 5.7% month-over-month, and was down 10.8% compared to last July.
The median price for loft/condos in San Francisco fell 5.7% from June, and was down 20.3% year-over-year. The average price fell 3.1% month-over-month, and was off 19.8% year-over-year.