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
# of Sales
Avg $/sf
Avg DOM
July ’09
237
$387/sf
74
July ’10
223
$361/sf
63
July ’11
231
$372/sf
78
July ’12
258
$365/sf
74
June ’13
330
$452/sf
42
July ’13
288
$417/sf
36

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.

Pin It on Pinterest