Sometimes it's helpful to look back a bit further than the last 12-24 months.  The data above illustrates how the pace of home sales has changed in four segments of our local market.  Each data point shows the average number of sales per month in the previous 12 months. 

We find that.....

• Home sales under $200K have increased 20% over the past 5 years.
   
  
• Home sales between $200K and $300K have declined 9% over the past 5 years.
   
• Home sales between $300K and $400K have declined 29% over the past 5 years.
   
• Home sales over $400K have declined 29% over the past 5 years.

It is likely important to note that in this same 5-year timef rame, the median sales price declined 11% --- from $197,650 to $175,000.  It is possible that this shift in home values contributed to the shifts shown above in the pace of sales in different price ranges.