•Cumulative monthly 2007 sales of single family detached houses  lag further behind those of 2006 through 4Q 2007

•Full year 2007 sales are -19% below those of 2006 and -20% below those of 2005

•Nationally, home sales are -18% below those of 2006 (NAR)

•2007 monthly sales illustrate the seasonal nature of home sales, with peak sales occurring during spring and summer months

•Sales have run steadily lower than last year in each month of 2007 and the gap increased in December

•December 2007 sales will continue to increase slightly as lag processing catches up, but will remain significantly lower than in either of the last two years

This entry was posted on Wednesday, February 13th, 2008 at 10:45 pm and is filed under GA Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.