Also in the rumor mill is a lot of talk about another dip in real estate prices is expected for several reasons
Category Archive: Market Updates
The latest numbers show that prices in November continue to rise, topping out at $550,000 bringing the total gains since Feb 09 to 31%.
In the big picture we’re seeing the Median Price of Sold homes bounce a bit as it levels out for the winter. I expect we’ll see this sort of behavior continue into next year.
The September numbers are in and some interesting things are happening- the median home price jumped 6.5% in September.
There is a definite chill in the air and the inventory of homes for sale seems to be decreasing. It’s actually not a bad time to put your home on the market- there are still lots of competition among buyers out there- especially in the lower end of the market.