Davis Islands Single Family Home Sales MARKET PRICE TREND: NEUTRAL MARKET ACTIVITY TREND: UPTRENDING From our analysis we believe the Davis Islands market is in an Activity status of UPTRENDING and a Price Status of NEUTRAL. From a statistical standpoint we have seen the number of actual closings slightly decline over the last three months...
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This morning the S&P/Case-Shiller Home Price Index has been released. The % decline in the 20 city compsite continued to -17.1%, however this was less of a decline than the prior month of -18.1%. The consensus forecast was anticipated at -17.90%. Todays data reflects a 4th consecutive month of improving decline. As for the Tampa home market the...
This morning the economic report on New Home Sales has been released. As we had anticipated this number rose to 384K in June, from a seasonally adjusted of 346K in May. The consensus estimates were at 352K. Sales have now risen for three straight months. All this being said the median sales price for new homes...
This morning we received Sales of Existing Homes for the month of June. The number came in at an annual adjusted rate of 4.89 Million with a consensus estimate of 4.85M. While this was a modest gain from the estimates it is the third straight month that sales of existing homes have increased and it...