Unit sales in July were 53. This is down 3.6% from 55 in July of 2009. Sales/list price ratio in July moved down to 90.4% from 91.5% in June.

Prices

Median price of $2,000,000 in July was up 8.1% from $1,850,000 in June but down 7.0% from $2,150,000 in July of 2009. 3-month average sale price of $2,594,422 in July was down a little from $2,629,401 in June and down moderately from $3,008,068 in July of 2009.

Inventory

Inventory of 721 in July was down 2.6% from 740 in June and down 10.3% from 804 in July of 2009. New listings in July moved down to 78 from 114 in June.

Market Time

Days on market of 206 in July was up considerably from 153 in June and up substantially from 148 in July of 2009. Months of supply of 18.4 in July was down marginally from 18.8 in June and down considerably from 35.8 in July of 2009.