Our real estate market recovery took a pause in July with half the number of condominium sales as last July. The average sale price is 10.5 percent lower than last year to date for resale units.

Condominium mortgage loans are loosening somewhat, but most of our bailout money is still in the vault or hedge funds instead of being lent.

There were 2727 properties listed for sale last week, about the same as the last 4 weeks.

Real Estate Fact of the Week

20: number of condominiums sold in July 2010

40: number of condominiums sold in July 2009

Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or

e-mail him at ChuckLeathers@Realtor.com.