Last month’s stats look great compared to previous July sales, but there was quite a drop-off from June (and July had two more business days!)
Month/Year | |||
July ’09 | |||
July ’10 | |||
July ’11 | |||
July ’12 | |||
June ’13 | |||
July ’13 |
In August, 2012 we had 298 sales, which was a 24% increase year-over-year, and the beginning of the hot frenzy run. Next month, we should start seeing the Y-O-Y comparisons looking weaker, and bubble-bursting talk.
I think a lot depends on what happens to interest rates later this year. With the taper talk increasing will the rates go up another 0.5% in Sept? If they do, then the slow-down would gain even more traction