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May 20, 2008

Local home sales down

From a Wednesday story in The Roanoke Times by Jeff Sturgeon:

Sales of used homes in the Roanoke region fell to 337 units in April, down 23 percent from a year earlier.
The report by the Roanoke Valley Association of Realtors reflects continued market softness that began more than a year ago.
Monthly sales — measured by real estate closings of deals involving a real estate agent — have been off on a year-over-year basis for 14 months.
The average price of used homes sold stood at $199,350 in April, down from $204,218 a year ago.

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Chris Winston

As the U.S. economy struggles to find its footing -- and experts debate daily whether or not we are in a recession, heading toward a recession or neither -- business editor Chris Winston writes this blog to provide local, state and national information to help you make heads or tails of the headlines.

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