Single family homes were up by slightly more than 1 %, while attached homes such as condominiums and townhouses increased by nearly 3 %. This increase in sales is good news, especially after the somewhat dismal July sales.
In contrast to August a year ago, the sales of single family homes were lower by 2.6 %, and the sales of attached homes was down by 4.3 %.
Despite this, the sales of homes are topping those of last year. Sales of single family homes have increased by 4.5 % for the first 8 months of this year over the past year. Attached homes, such as condominiums, sales are 2 % higher.
During August, a single family home was on the market for seventy-five days before selling, which is six days longer than last year. This is nearly 9 % higher. Condominiums and other attached homes stayed on the market for sixty-nine days, a two-day increase over August of 2009.
This past August showed a median selling price of $385,000, up from $375,000 last year. The median price for a condominium or other attached homes dropped from 2009's $226,575 to this year's $220,000.
While the median selling prices for August were not far from those of July, they remain approximately 10 % above those of last year, which is an encouraging sign.
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