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The data used to make the chart is gathered from the MLS.  The data in the MLS is deemed reliable but not guaranteed. This data is for June 2008 for single family homes which includes condos. Homes that are pending have had offers made on them, and those offers have been accepted by the seller but the sale and has not yet closed. 

The prices are the actual sales prices of all homes that closed during the month of  June, all 261 of them. Average sale prices are up slightly from last month which is a good thing but they are still down from last year.    The areas of the city that have the most foreclosures also have the lowest average sale prices.