Monday Market Memo…July 28-Aug 4, 2008

Whoops.  I missed this on Monday.  So this is the Monday Memo done on Friday.  The statistics are for the correct days, however.

We certainly had a surge of new listings.  The total inventory increased and pending and closed sales held about steady.


Average Price DOM
New 72 $241,482 .
Total Active 924 $281,694 128
Pending 38 $208,500 94
Closed 33 $248,825 66

It looks like a lot of people have decided to sell before winter.  That’s a little surprising to me, they should have put their houses on the market earlier. 

There have been some good deals again this week.  A log house on Cottonwood Creek sold for $185,000, several brand new houses sold for less than $175,000, and a couple of good lots sold for the mid-$30s price ranges.  Let me know if you want to be set up for auto-alerts if a property that meets your criteria hits the market.