One of the agents in my office ran some interesting numbers yesterday; home sales from January 1st to August 26th for the last five years in different price ranges.  Sales have gone from 1,320 to 760 to 694 to 538 to 322. 

Dropping from 1,320 to 322 sales in this time period is a pretty drastic drop.  What does this mean?  When broken down by price range, the top end seems to have been affected the most.  Homes over $3 million went from 47 sales in 2005 to 9 sales in 2009 – wow – this is quite a drop!