January home sales: Insert gloomy adjective here
To put that in perspective: Sales are now half what they were in January 2005, near the market peak.
Average sale prices in the metro area dropped 2.6 percent. (The median, or typical, home dropped 5.7 percent.)
Click HERE to check out the numbers -- including jurisdiction-by-jurisdiction -- at MRIS. And stay tuned for a full story tomorrow.
Good news for buyers? That depends wholly on whether and/or how much prices will drop in the future. Naturally, dueling predictions abound. But last month's price decline does start to close the gap between average incomes and average prices.