According to the recent Real Trends Housing Market Report....
Prices held up fairly well with the national average price up 6.1 percent in July 2010 compared to July 2009. Every region had an increase in the average price. The Northeast again led the way with the average price up 11.4 percent in July 2010 versus July 2009. The Midwest had the lowest increase in average price at 2.0 percent comparing July 2010 versus 2009.
"It is encouraging that prices continued to rise even though the increases from July 2009 to July 2010 were some of the lowest in the last six months. It is also encouraging that anecdotal reports from brokerage firms from across the country indicate that most of the decrease took place in May and that the levels of written business for both June and July were level with those in May."
Housing Market Report
REAL Trends Housing Market Report
July 2010 June 2010
(Versus same month a year ago)
Closed Sales AVG Price Closed Sales AVG Price
-20.4% +6.1% +11.4% +8.8%
+20.4% +11.4% +28.3% +10.8%
-18.9% +3.0% +8.5% +0.9%
-27.4% +2.0% +8.5% +8.7%
-16.8% +4.0% +11.4% +10.9%