Sales in January 2009 lowest since January 2002
February 25, 2009
The sales for January 2009 were down 27.09 percent from January 2008, a drop from 598 to 436, and down 40.03 percent from January 2007, which posted 727 sales. November 2008 also had sales in the four hundreds, but this is the lowest number of sales since January 2002, when there were only 431 sales.
The mean and median sales prices were also down from January 2008. The prices in January 2008 were quite low on their own, thus January 2009 was a particularly bad month. The mean price was $127,300, which was the lowest price since February 2005 ($118,900). One must also return to February 2005 to find a lower median price than $104,300. February 2005 had a median price of $100,900.
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