Tomorrow the National Association of Realtors will release its existing home sales numbers for the month of August, including the latest median price for homes, coops and condos. Here's how the numbers look through the month of July.
Picture #1: The median price for homes, coops and condos decreased in July, continuing the trend that started in the Summer of 2006.
Picture #2: The July median price decreased by 7.1% from the median price in July of 2007. July was the eighth straight month with a year-over-year decrease of more than 5%.
Picture #3: This past July had the lowest median price out of every July dating back to 2005.
Adding it all up: Prices continue to trend lower. Enough said.
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