There were a total of 36 closed sales from June 1st to November 30th in 2008 compared to 15 in June 1st of 2007 to November 30th of 2007. The average selling price for that period was $320,119 compared to an average selling price of $336,083 for the same period in 2007, a percentage drop of 5%. The average sales price per square foot was $169.46 compared to $186.82 for the same period in 2007. The average number of days a house was on the market was 151, compared to 191 days for the same period in 2007. Currently there is an 11.5 month supply of inventory with 69 houses on the market for sale as of 12/05/2008. With prices reduced and interest rates very favorable it is a great time to buy if you know where to look. As real estate experts in Trilogy at Power Ranch, we're here to help y...
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