This information courtesy of the NWMLS. Stats not including condos.    *345 went pending in the month of July

Are you noticing the yard signs in front of homes for sale lasting longer than usual? It's true, they are. Look at the large drop in sold properties for the month of July!! The $8,000 tax credit rush had something to do with that, but I noticed the pendings did not change much, which leads me to believe we'll have similar stats in August. Let's watch and see next month. When it comes to the distressed properties, there have been no significant changes in the stats. Active homes are still running around 28%, pendings 30%, and solds 30%. Once again, we need this to change in order to start seeing a more "normal" market.
But not to fret, the drop in numbers is one the real estate market has seen in the past and will likely continue to see every summer. Historically, July tends to be one of the three slowest months in real estate sales, with the market typically picking up in August and September.  Expect to see the same this year!!
Current interest rates are hovering  around 4.60% with all indications leading to a rate increase in the near future.

Thank you for not keeping me a secret!!