The average sale price for all sales closed through July continues slightly (1.3 percent) ahead of the 2011 average. July average prices, however, were up 15 percent from July 2011. The number sold is more than 11 percent ahead of last year-to-date. Our slow, but steady recovery continues.

About 2,120 properties are for sale this week. The peak inventory was reached in late July and will fall for the rest of the year from that point.

13 ... number of foreclosed properties advertised for public trustee auction in the first week of August

2,124 ... number of presumably non-distressed properties listed for sale that same week

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