Written by VIBE Owner/Broker Steven Anderson
A New Direction?
We've been eagerly awaiting the results that July would bring us for our Monthly Market Recap. With the constant upslope of the market since spring, we need to find out if the upward trends will continue, or if we will start to see some data that shows them leveling out. Well they're in, and they're interesting, so let's take a look.
We like to look at the Total Units Sold as our initial indicator of the action. This has been climbing consistently since January, but for the first time since then has begun to trend downward. It was approaching 7,000 last month, and has now fallen to below 6,000. This is a pretty large dip, but is actually still above the number we saw for most of spring.