June 5th post
My June 5th, 2009 posting got me thinking… Are prices actually increasing in Davis? Well not exactly. Per the statistics, the average and median home sale prices did go up in May; However, year to date, prices are, in fact, lower than a year ago. The median price of year to date home sales in Davis (all sales through June 30th, 2009) is $458,950. A year ago, year to date it was $492,500… That’s 7% lower. The Average price in Davis so far is $495,923. Through June last year, it was $529,590. That is also 7% lower. For whatever reason, the average and median prices in Davis in May, 2009 spiked up slightly. Considering the lack of inventory, perhaps we’ll get more spikes upward going forward.