Here’s a quick chart to show how home prices fared in July, the first month that the double-dip tax credit stimulus was no longer in effect.
The median price per square foot was up .5 percent for single family homes and down an equally mild .5 percent for condos. Let’s call prices flat for the month.
Inventory and demand are where the more interesting changes are taking place — the next post will deal with these topics in some detail.
— RICH TOSCANO