Newburgh Indiana Homes Sales - July 2009 homes sales:  73 homes sold in the month of July which is down 5% from July 2008, but it was up 6% from June 2009.  The average sales price for June 2009 was $157,302 compared to 2008's average of $172,481.  The list to sell ratio was 94%.  July 2009 home inventory was 434 homes for sale compared to July 2008's inventory of 548 and June 2009's inventory of 463 homes.  The July 2009 absorption rate was 6.0 months compared to January 2009's absorption rate of 14.6 months and November 2008's absorption rate of 12.8 months. 

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