Area home sales post big drop in May - Baltimore Business Journal:

http://www.ciydc.org/article/Thats-the-view-of-transport---.html
There were 1,783 home closings last a 29 percent decrease fromMay 2008, according to the Greated Nashville Association of Realtors. The mediaj price of single-family homes in May was a $5,400 increase from the prior month, but a 10.6 percent declinew from May 2008. “Real estater is feeling the same effects as the rest of the national Greater Nashville Association of Realtors President Mike Nicholes says in apress release.
“Wityh the recent American Recovery and Reinvestment Act of 2009 supportedf bythe FHA, we are hopeful that first-timed home buyers will take advantagde of the opportunity to use the $8,0000 tax credit to help with certain costs at Inventory on the market increase about 0.8 percent from April. There were 24,60 0 homes on the market May 31. May’s numberds brings year-to-date closings up to down 31 percent fromthe 10,406 closinga at this point in 2008. The condk market had 228 closingsin May, a 25.2 percenty drop from the year before. That comparews to 305 closingslast year. The median price for a cond in Maywas $156,250, down 1.
7 percent from last There were 2,000 sales pending at the end of May. While that numbef was down from 2,489 pending sales last year, it was only the second time sincre last September that pending sales figure had reached 2,000 properties or more.