The market continued to improve in June as expected. The unsold inventory level is now down to  8.2 months. That is the lowest level since August 2007.  If we can get that down to 6.0 we will have reached a balanced Buyer/Seller market. The Average Sales Price in June 2009 was $299,800. compared to the 2009 (year to date) average which is $295,100.  What does it all mean? I believe we have hit bottom and although we haven’t started to appreciate just yet, the signs are there.