WHAT WERE THE ACTUAL NUMBERS?

The total number of sales for the month of July, (the last complete month available), was 3,255.  That breaks down to 2,008 single-family resale, 894 resale condos, and 353 new homes.  The only increase in sales was for new homes which rose 53%. Since there has been so little product for so long during the recession, it isn't a big surprise to see that jump as new home inventory makes a come back.  Resale single-family and condos were both off about 15%.  All numbers compare this July with the same month 2013.  The median price rose for both single-family and condos, but has cooled to a much healthier 5.6% and 5.1% respectfully.  These numbers represent a 3 year low for volume, dating back to 2011.  Supply certainly isn't back where it should be and buyers will continue to struggle with pricing.