Today, monthly home sales statistics were released by the Virginia Association of Realtors.  As reported by WSVA today.... "sales of single family homes slumped in Harrisonburg and Rockingham County by a modest two-percent compared to the same month last year."

And yet, you might remember that I reported on those same statistics (Oct '06 versus Oct '07) and indicated that sales were up 23%. 

What gives??

It's actually quite simple --- the Virginia Association of Realtors only tabulates single-family homes (not townhomes) --- my numbers always include both single family homes and townhomes.

So...yes...the number of single family homes sales (Oct '06 versus Oct '07) decreased by 2%.  But, a more meaningful analysis points out that:

Oct '06 versus Oct '07 shows a 23% increase in sales of single-family homes and townhomes.  (click here) 

AND....

Nov '06 versus Nov '07 shows a 28% increase in sales of single-family homes and townhomes.  (click here)

Always check the facts . . .