We are inching back towards 2004 prices as the number of sales (per MLS) has nearly halved . If the current environment of low interest rates holds, I expect we are at the bottom in term of price with transaction volume on the rise for 2009.
YEAR # SOLD AVERAGE PRICE
2004 805 $510,720
2005 614 $605,895
2006 531 $617,407
2007 509 $570,081
2008 423 $535,492
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