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August Home Sales Stats and Asking prices: Most of the Nation, Down, Dallas OK

Posted on September 8th, 2008 1:23am by Candy Evans
Filed under Changing market trends in Real Estate, Lots For Sale, Real Estate, Realtor News, Sexy cities, credit crunch, foreclosure

The August report from Altos Research shows that asking prices declined in 20 markets, were flat in one and up in only 4 of 25 markets. Price weaknesses in August could signal further price reductions this fall. Now the Dallas story: price indexes were actually up 1.3%, while inventory was down — a good thing, product is selling. Average days on market now 92 days. See it all here.

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