In this installment of the KW July 2009 report, we’ll look at: The Numbers That Drive Real Estate: Median Home Prices…

Existing-home price was $173,000, up 3.8% from last month but still down 16.8% from the same time last year.

Distressed sales, which accounted for a smaller 33% of sales in May, continued to weigh down the median price, as these properties are generally sold at a larger discount relative to traditional sales.

However, the seasonal rise in number of repeat buyers who are generally spread across all price ranges helped to partially offset the downward pressures.

Median Home Price – In Thousands

Check back for the next installment in this series: The Numbers That Drive Real Estate: Inventory

Jennifer Mackay
850-774-6582
Florida Real Estate | Panama City

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