Mark's Notebook


	If Jesus Christ were to come today, people would not even crucify him. They would ask him to dinner, and hear what he had to say, and make fun of him. - Thomas Carlyle

Median county home price slips

San Jose Mercury News

Wednesday 17 August 2005, 11:26 am
Keywords: News Articles

By Margaret Steen, Mercury News

The median price of a single-family home in Santa Clara County declined slightly in July, falling to $700,000 from $705,000 in June, according to DataQuick Information Systems, which gathers data from public records of completed sales. It was the first monthly decline in a year.

Still, it's not clear whether the drop means the market has reached its peak or merely has entered a normal summer slowdown. Prices also declined slightly from June to July 2004, then zoomed to record highs.

The volume of sales also declined: 1,887 single-family homes were sold in the county in July, down from 2,175 the previous month. The sales numbers also were down from July of last year, when 2,045 houses were sold. Nonetheless, last month tied for the third busiest July in the 18 years DataQuick has collected real estate information.

http://www.mercurynews.com/mld/mercurynews/business/12403099.htm