Homes Sales Increasing, Except Between $300K and $400K

The pace of home sales is increasing in every price range except $300K - $400K.  There are only an average of 7.8 homes selling per month in the $300K - $400K price range, as compared to an average of 9.8 sales per month a year ago.

This might seem like a small numerical change, but it amounts to a 21% decline in the pace of sales, and is in stark contrast to the increases seen in all of the other price ranges.