Home Resales Rose 2.9%
March 24th, 2008 categories: Area Employers, Real Estate News, Real Estate Selling
NAR (National Association Of Realtors) just released existing home sale numbers and for the first time in 7 months the number climbed 2.9% Sales for the year were down 24% from February 2007.
Nationally the median home price was $195,000 in February down 8.2% from 213,500 in February 2007. Read the entire report here.
You have to remember our local market, while in a slight slump, never experienced the wild appreciation of and now the huge losses of many housing markets. In order to figure out the loss (or gain) for your particular area and/neighborhood you need to run a complete Competitive Market Analysis (CMA) for resales and new construction and then make an informed decision about your property. For more details on local market click here.
Stay tuned- new home sales figures will be released on Wednesday, March 26th.
If you have some thoughts about the local housing market in general- please share it by leaving a comment below.
Need help gathering the data for a CMA call 513-300-4090 or send an email.
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