You have got to love the media. They recently reported the largest drop in sales in history for the month July. This was a result of June sales being higher than normal due to the tax credit coming to an end. This does not mean real estate sales are bottoming out. Looking at one month is merely a snap shot in time and it rarely has any relevance to what is actually going on. Trends over time do show us more about the overall market.
SO, I have pulled data for some of the local towns comparing the number of single family home sales year to date through August in 2010 and 2009. I am happy to report that all the towns have seen more sales this year.
Here is a chart showing % increase in sales over last year:
source:mlspin
