From ARMLS:
SALES Month over Month
Total sales in July (8,387) regressed to pre-March levels. The 24.6% decline from June’s 11,125 is a disappointment. However, it follows a distinct wave pattern in total sales which started with November’s trough. We should not read too much into July’s decline which could reverse itself next month if sales follow the pattern of the last nine months.
SALES Year over Year
July sales (8,387) represented an 18.1% increase over July 2010. This figure, while disappointing after the June’s emotional and numerical high (11,125), follows a typical June to July sales pattern, where sales fell from June to July in eight of last ten years.
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